. Management Discussion and Analysis 2.1. Selected Financial Position and Operating Results 2.2. Cash Collection from NPLs and NPAs Management Businesses 2.3. Vintage Analysis 2.4. NPLs by Portfolio

AND ANALYSIS Golden Lime Public Company Limited Golden Lime Public Company Limited 2 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 31 DECEMBER 2018 1. Highlights  Health and safety: There were

quality of food and safety standards throughout our operation, right from the animal feeds through the end products delivered to our customers. Furthermore, the Company maintains its competitive advantage

Company Limited and its Subsidiaries As at 31 December 2015, 2016, and 2017 2015 2016 2017 MB % MB % MB % Cash and Cash Equivalent 592.49 3.96 310.87 1.92 736.26 4.24 Trade and other receivables 1,026.63

quality of food and safety standards throughout our operation, right from the animal feeds through the end products delivered to our customers. Furthermore, the Company maintains its competitive advantage

of Baht 21,643 million, increased by Baht 7,406 million or 52.0% from the total assets as of 31 December 2019. • Current Assets were decreased by Baht 881 million as a result of a decrease in Cash and

(2017) Enterprise Book-to-Price (EBP) Penman, Richardson, and Tuna (2007) Sales-to-Price Ratio (SP) Barbee, Mukherji, and Raines (1996) Cash Flow-to-Price Ratio (CFP) Lakonishok, Shleifer, and Vishny

the downstream area. PNPC evacuated the people residing around the affected area for safety. PNPC has insurance coverage for loss of and damage to properties and persons as a result of this event

ordinary shares in BSH 15. MANAGEMENT DISCUSSION & ANALYSIS 1Q 2020 15 MAY 2020 U CITY PCL 1Q 2020 - MD&A (for three-month period ended 31 March 2020) 8 U CITY PCL CASH FLOW As of 31 March 2020, cash and

across all regions with consumers heightened sensitivity to health and safety. Fibers segment delivered US$ 34M in efficiency gains from Project Olympus during the quarter, with a focus on operational