GPSC ANNUAL_ENG

151 G L O B A L P O W E R S Y N E R G Y P U B L I C C O M P A N Y L I M I T E D Liabilities As of 31 December 2017, the total liabilities of the company and its subsidiaries were THB 19,594 million, which increased by THB 320 million or 2% from 31 December 2016. This was mainly from the following determinants: • Long-term loans from financial institutions decreased by THB 5,393 million or 33% due to the prepayment of long-term loan. • Debenture increased by THB 4,993 million from the first debenture issuance and offering in September 2017 for 2 tranches. Tranche 1 has 4 years’ maturity with the principal amount of THB 3,500 million. Tranche 2 has 7 years of maturity with the principal amount of THB 1,500 million. • Other current liabilities increased by THB 815 million or 36% from the following determinants: - Account payable increased by THB 483 million or 42% from the account payable of the natural gas of IRPC-CP in which the two phases were COD since 15 November 2017. - Construction payable increased by THB 269 million or 87% from the construction of IRPC-CP of which the repayment maturity had not been reached. Equity As of 31 December 2017, the total shareholders’ equity of GPSC and its subsidiaries was THB 40,374 million, which increased by THB 1,620 million or 4% from 31 December 2016, mainly due to the increase in the unappropriated retained earnings for THB 3,175 million and the increase in non-controlling interest for THB 223 million due to the better performance of the company. In addition, the company paid out the 2017 dividend from the second half of 2016 and the interim dividend from the first half of 2017 operating result amounting to THB 1,723 million. The loss from currency translate reserve for THB 55 million, recognized in the statement of comprehensive income as of 31 December 2017. Statement of cash flow In 2017, GPSC and its subsidiaries had a net decrease in cash and cash equivalents for THB 3,556 million from 2016, mainly due to cash used in investing and funding activities. In 2017, the beginning of cash and cash equivalents balance was THB 7,813 million and the ending of cash and cash equivalents balance was THB 4,527 million. Details of cash flow by activity can be described as follows: Unit : THB million 2017 Net cash provided by operating activities 3,153 Net cash used in investing activities (4,411) Net cash used in financing activities (2,306) Effect of exchange rate to cash and cash equivalent 8 Net decrease in cash and cash equivalents (3,556) Cash and cash equivalents at the beginning of the period* 7,813 Cash and cash equivalents at the end of the period* 4,527 * Included restricted cash and temporary investment