flows from (used in) investing activities 1,495.1 817.2 Net cash flows used in financing activities (1,745.6) (1,916.2) Cash and cash equivalents at end of the year 5,273.1 4,347.7 21 ASIA’S BOUTIQUE

Grand Rama 9 to accurately reflect the project’s cost of sale. Weighted average financing cost as of March 31, 2020 stood at 2.65% Net debt to equity ratio stood at 0.38x Capital Structure As of March 31

average financing cost as of June 30, 2020 stood at 2.29% Net debt to equity ratio stood at 0.55x Capital Structure As of June 30, 2020, the Company reported total interest-bearing debt of THB 43,791 mn, an

at June 30, 2020 As at June 30, 2019 Net cash flows from operating activities (3,088.9) 956.5 Net cash flows from investing activities 2,061.1 (165.9) Net cash flows used in financing activities

of sale from 4Q19 onwards as well as transferred 2 standalone projects in 2Q20. Weighted average financing cost as of June 30, 2020 stood at 2.29% Net debt to equity ratio stood at 0.55x Capital

/share allotment 7.1 Dividend policy The Company has a policy of paying dividend at the rate of not less than 40 percent of the net profit after the corporate income tax according alone financial

the corporate income tax according alone financial statements and after the legal reserves reduction, subject to the Company’s performance, financial status, liquidity, investment plan, the need of

has a policy of paying dividend at the rate of not less than 40 percent of the net profit after the corporate income tax according alone financial statements and after the legal reserves reduction

appliances. For the past six years, tourism has continued to expand briskly. In 2017 alone, Thailand received approximately 35 million foreign visitors, generating Baht 1.82 trillion (approximately US $53.6

282 million. • Net cash flow from financing activities of Baht 500 million resulting from long-term loan agreements with the financial institution of IRPC-CP, in-line with the cash flow plan to support