subscriber KB is a subsidiary of KB Financial Group, a leading financial business group in South Korea. The main businesses of KB are operating credit card, financial services, financing and leasing businesses

Discussion and Analysis (MD&A) For Q3/2017 25 Table 6 : Condensed Statement of Cash Flow Unit : Million Baht Jan - Sep 2017 Cash flows from financing activities Finance costs paid (755) Repayment of

in) financing activities 210 (29) +834% Exchange differences on translating financial statements 4 0 - Net increase (decrease) in cash and cash equivalents 33 (20) +265% Cash and cash equivalents at

the financing cost of the Lender. Therefore, it is reasonable to increase the efficiency of capital management and reduce financial costs; including the risk of non- payment according to the transaction

million Baht. This comprised of financing costs of 976 million Baht and capitalized interest of 482 million Baht. The rise in the costs was due to increased loans funding the construction of “MahaSamutr

Flow spent for financing activities of THB 20 million , which was from long-term loan interest payment. Key Financial Ratios Exhibit 9 : Key Financial Ratio comparison of 1Q2018 vs. 1Q2017 vs. 4Q2017

239mn 2) cash paid for acquisition of equipment THB 139mn from media inventory expansion and 3) cash paid for short- term loans of VGM to TCSB and MUSB of THB 124mn. Net cash from financing activities was

of Baht 88 million. However, the company gained dividend income from affiliates of Baht 696 million and net cash flow from other investing activities of Baht 72 million. • Net cash used in financing

MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR 2018 7 8. LIQUIDITY ANALYSIS AND FUNDING ADIQUACY (Cont.) 3) Net cash used in Financing Activities amounting to 974.11 million

-current assets as well as concession assets in an amount of 1,246.87 million Baht while the net short-term investment also increased by 67.34 million Baht. 3) Net cash used in Financing Activities amounted