growth contributors are also anticipated to perform better especially private investment which will be backed by vigorous export expansion and investment by public sector. Increase in money injection from

6,869 million. It resulted from the increase in cash and deposits and banks, inventories, unbilled receivables and trade account payables. The quality of assets Trade account receivables Unit: Million

70.3 percent from gain on fair value adjustment of investment due to reclassification, net of tax, in the amount of Baht 2,030 Million which is the non-cash gain and gain from operation increased by Baht

network in the Eastern Seaboard area, its high profitability, and reliable cash flows. 5. Raw Water Business Raw water revenue in the first half of 2018 was 1,185.16 million Baht, decreased by 124.89

December 2019 Total assets The total assets of the Company increases 834.39 million THB or 3.55% i.e. from 23.47335 billion THB to 24.30774 billion THB. The main reasons are as follows: 1. Cash increases

1 1Q18 MD&A Advanced Info Service Plc. Executive Summary Expand into potential growth areas of enterprise and mobile money AIS has executed two strategic deals totaling Bt4.2bn of cash transactions

and lease income 2 68 4 27 6 95 (89) (94%) 4. Cash Flow Analysis As of March 31, 2019 cash and cash equivalents were Baht 22,938 million, decreasing by Baht 11,939 million comparing to December 31, 2018

Cash and cash equivalents 247.68 10.59% 488.97 20.70% Short-term investment 4.36 0.19% 4.85 0.21% Account receivable, trade and others 752.20 32.15% 706.03 29.89% Inventories 732.56 31.31% 663.32 28.08

Company Limited (“PA12”) (formerly known as “BTS Sansiri Holding Fifteen Limited”) from Sansiri JV. CASH FLOW As of 30 June 2020, cash and cash equivalents was THB 2,372mn, decreasing from THB 2,767mn at

2020 amounted to Baht 660 Million. Cash Flows As at June 30, 2020, the Company and its subsidiaries had cash and cash equivalents amounting to Baht 2,466 Million, representing an increase from the end of