comparison is the increase in operational cashflow which is coming from the use of fuel inventory and also efforts to reduce working capital in Q4 2019. Net cash flows from investing activities is in line with

1 Forth Smart Service Public Company Limited (FSMART) 4Q17 Management Discussion and Analysis Operational Summary in 4Q17  Total revenue from core business was Bt3,105mn, an increase of 38.3 % YoY

ทั้งตอ้งมีควำมพร้อมดำ้นบุคลำกร 4.4 มีผลกำรประเมินจำกกำรตรวจสอบโดยส ำนกังำนในครำวล่ำสุดในเร่ืองกำรจดักำร ควำมเส่ียงทำงดำ้นกำรปฏิบติังำน (operational risk) และกำรจดักำรควำมเส่ียงดำ้นลูกคำ้ สัมพนัธ์

รองรับความรับผิดจากการปฏิบัติงาน (operational risk) ให้คำนวณขนาดของเงินกองทุนในอัตราร้อยละ 0.01 ของมูลค่าทรัพย์สินสุทธิภายใต้การจัดการ ดังนี้ 2. ขนาดที่ต้องดำรง 2.1 เงินกองทุนขั้นต้น และเงินกองทุนส่วนเพิ่ม

regulatory sandbox ; (b) assessing and managing potential risks from the operation; (c) having operational procedures and an internal control system with details covering the operation specified in Clause 4

) assessing and managing potential risks from the operation; (c) having operational procedures and an internal control system with details covering the operation specified in Clause 4 and Clause 5 or Clause 6

1 Forth Smart Service Public Company Limited (FSMART) 1Q19 Management Discussion and Analysis Operational Summary in 1Q19  Net profit was Bt150mn, increasing 3.1% YoY  Total revenue from core

is the increase in inventory, particularly fuel, which saw an increase of 53mTHB and the absence of a one-shot impact of a 60mTHB tax payable in 1Q 2018. If both of these are removed the operational

Flow Analysis Cash and cash equivalents at the end of H1 2019 decreased by 6mTHB from the start of the period to 33mTHB. The main differences on a year-on-year comparison is the increase in operational

prices have increased and will continue to rise into the second half of the year. Investment in operational efficiency projects such as Lime Kiln Dust reinjection will help to mitigate somewhat the higher