U CITY PCL 2018 MD&A (for the year ended 31 December 2018) 12 U CITY PCL 15 MAY 2018 We remain actively engaged in our asset divestment programme, which remains in process. The remaining assets to be
amounted to THB 3,787 million; with total liabilities of THB 3,376 million; and total equities of THB 9,708 million. In this regard, the company financial position remains strong with low debt- to-equity
depressions in farm income and high level of household debt while inflation remains at a low level. Other key risks that need to be monitored are the slowdown in global economy especially the Chinese economy
oil palm causing a potential decline in consumption 2) Manufacturing capacity also remains at low level indicating slow growth for private investment 3) Exports could also face a potential slowdown from
oil palm causing a potential decline in consumption 2) Manufacturing capacity also remains at low level indicating slow growth for private investment 3) Exports could also face a potential slowdown from
SEGSD’s indirect ownership interest in Darajat Geothermal Project Unit 2 and Unit 3 from 95% to 99.75% while SEGSD remains to hold 100% indirect ownership interest in Darajat Geothermal Project Unit 1
financing cost by 42.6% YoY, in line with the lower amount of interest-bearing debt whilst cost of debt remains at a low level. Meanwhile, share of profit from investments declined 1.7% YoY due to the
increase in core service revenue. It remains stable QoQ at 4.1% of core service revenue. Depreciation & amortization of Bt9,410mn increased 12% YoY and 5.8% QoQ due to continued investment in 4G network
decline is also partly due to the high base of last year. Public spending excluding transfers also declined from acceleration in disbursement during last year. Nevertheless, private consumption remains the
remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 4 Operating Performance Exhibit 1 : Consolidated