income tax payable of THB 30mn. The increase was partially offset by a decrease in 3) short term loans from financial institution of THB 45mn. Total equity was THB 3,295mn increasing by THB 190mn or 6.1

30, 2018, equity was Baht 60,249.31 million, increasing by Baht 1,239.81 million or 2.1 percent from Baht 59,009.50 million as at December 31, 2017. The main reasons were as follows: 4.3.1 The profit

income for the three-month and nine-month periods, the consolidated of changes in equity, and cash flows for the nine-month period ended 30 September 2017, comparative information, were adjusted according

Periods Ended 30 June, 2017 Page 11 4.2 Analysis of Liabilities and Equity As at June 30, 2017, total liabilities and equity were Baht 97,113.71 million, increasing by Baht 722.62 million or 0.7 percent

the amount of AUD 46.39 million. 4.3 Analysis of Equity As at September 30, 2017, equity was Baht 63,168.64 million, increasing by Baht 715.87 million or 1.1 percent from Baht 62,452.77 million as at

March 31, 2020, the total liabilities and equity were THB 103,448.31 million, increasing by THB 3,218.88 million or 3.2 percent from THB 100,229.43 million as at December 31, 2019. The details were as

88.12 million. Management Discussion and Analysis For the Year Ended December 31, 2017 Page 10 3.3 Analysis of Equity As at December 31, 2017, equity was Baht 63,281.18 million, increasing by Baht 828.41

and equity were THB 105,446.18 million, increasing by THB 5,216.75 million or 5.2 percent from THB 100,229.43 million as at December 31, 2019. The details were as follows: (Million Baht) Jun 30, 2020

EBITDA (including lease liabilities and license payable) was at 2.5x. Total equity was at Bt94,003mn, increasing 3.7% from increased retained earnings. Cash flow In 1H24, cash flow from operation (after

%. Net debt to EBITDA (including lease liabilities and license payable) was at 2.5x. Total equity was at Bt94,003mn, increasing 3.7% from increased retained earnings. Cash flow In 1H24, cash flow from