. However, the debt’s policy is maintained by limiting the D/E ratio at below 1.5 times.   Cash Flow   In 2019, the Company had net cash received from operating activities of THB 559.6mn. The key components

% * Including the operating result of TPN and E&E. 4. Cash Flow Analysis As of March 31, 2020 cash and cash equivalents were Baht 22,650 million, increasing by Baht 2,163 million comparing to December 31, 2019

shall be benefit to the Company to receive cash flow faster than expected. In this regard, after the disposition of such assets, the Company has 4 real estate projects namely Nimit Langsuan, Windshell

considered alternatives to net profit (loss) or any other performance measure or as an alternative to cash flow from operating activities. Since there are various calculation methods, its presentation may not

, 2017 and September 12, 2017. The exchange rate is referred from Malaysia National Bank. keep the ringgit constant. Payment by cash valuation at 24,000,000 MYR which is equivalent to 196,537,120 THB at

of Baht 76.29 million in Cash and Cash Equivalents as of 31 December 2018 versus Baht 70.16 million as of 31 December 2017. Short-term investments increased to Baht 294.11 million from Baht 211.85

was the decrease in cash and cash equivalents to pay dividends during the year amount of Baht 45.95 million. As at 31 December 2019, the consolidated liabilities of the Company and its subsidiary

of Thai Baht 402.09 million, a decrease from Thai Baht 458.21 million as of 31 December 2018. The variance is due to a net decrease of Thai Baht 294.11 million in Cash and Cash Equivalents as of 31

2017 is 2.0:1, increased from the ratio as at 31 December 2016 at rate of 1.6:1. It results from the increase in short-term loans from financial institutions. Liquidity Cash flows Unit: Million Baht 2Q17

2Q2017 due to cash received from doubtful debts, compared to the provision of bad debts and doubtful accounts of Baht 2 million in 2Q2016. The six months of 2017/2016 1. The Company’s interest income on