2% Total liabilities plus shareholders equity 1,440.79 982.48 458.31 47% Golden Lime Public Company Limited 7 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 DECEMBER 2018 3.3. Cash Flow

%) from 31 December 2018. Cash and cash equivalents decreased by THB 927 million, where cash inflow from operation was offset by cash outflow for PPE and 2018 dividend payments and 2019 interim dividend

EBITDA (228) 602 Net Profit (Loss) (433) 366 HR C HRC Sales (k tons) 177 388 HRC Production Volume (k tons) 139 382 HRC Average Selling Price (THB./ton) 19,160 20,942 HRC Cash Margin (THB./Ton) (58) 1,937

million (or -3.1%) from 31 December 2018. Cash and cash equivalents decreased by THB 1,825 million, where cash inflow from operation was offset by cash outflow for PPE and dividend paid in Feb’19 and May’19

177 HRC Production Volume (k tons) 185 139 HRC Average Selling Price (THB./ton) 15,885 19,160 HRC Cash Margin (THB./Ton) 590 (58) Unit: million Baht 31 March 2020 31 December 2019 F in a n ci a l S ta

was 62.0 million baht of Mushroom Group Company Limited which Production of television content and programs. The impairment testing considered the recoverable amount of the cash generating units have

Mar 2017 Amount % Amount % Assets Current Assets Cash and cash equivalents 237.54 10.37% 237.45 10.45% Short-term investment 3.73 0.16% 21.35 0.94% Account receivable, trade and others 728.08 31.80

. Cash flows used in investing activities decreased because of receiving the money invested in government bonds at maturity. Cash flow used in financing activities, mostly used for paying annual dividend

money invested in government bonds at maturity. Cash flow used in financing activities, mostly used for paying annual dividend. From the following reasons concluding that the operating results of the

of the Company and its subsidiary increased by Baht 132.37 million or 5.46% compared with last year, mostly due to an incremental in cash and cash equivalents of Baht 72.40 million which resulting from