4
ANNUAL REPORT 2017
1.3 Statement of cash flows for the year ended 31 December 2017 Description Net cash used in operating activities Net cash from financing activities Net increase in cash at banks Cash at banks at the beginning of year Cash at banks at the end of year
2017 341,362,577 (332,996,882) 8,365,695 70,435,408 78,801,103
(Unit: Baht) 2016 231,130,320 (336,472,405) (105,342,085) 175,777,493 70,435,408
1.4 Significant Financial Ratio Financial Ratios
2017
2016
(Unit: Baht) 2015
Net assets at the end of year/period (Baht) 3,619,761,611 3,616,803,645 3,657,111,862 Average net assets during the year/period(Baht) 3,621,768,282 3,666,149,994 3,643,350,852 Ratio of net investment income to total income (%) 73.68 76.25 76.42 Ratio of total expenses to average net assets during the year/period (%) 2.93 2.67 1.36 Ratio of total investment income to average net assets during the year/period (%) 11.14 11.24 5.78 Ratio of liabilities to average net assets during the year/period (%) 37.23 36.98 36.77 Ratio of weighted average investment purchases and sales during the year/period to average net assets during the year/ period (%) * 0.17 0.13 131.55 * Investment purchases and sales exclude cash at banks and are calculated by a weighted average basis over the accounting year/period.
2. The analysis on financial situation and the performance result of Trust
2.1 Financial situation
1. Assets On 31 December 2017, Trust’s total assets were equal to 4,968 MB. This amount was mainly included with the investments in properties and leasehold rights at fair value of 4,716.90 MB (94.95 percent of total assets) and investment in securities at fair value of 153.40 MB (3.09 percent of total assets). Total value of assets as of 31 December 2017 was reduced from the total value of assets as of 31 December 2016 by 4.70 MB mainly due to the reduction of investments in properties and leasehold rights at fair value of 8.10 MB during December 2017 (The value as assessed by an independence appraiser) causing the investing capital of investments in properties and leasehold rights at fair value at year end to be at 4,716.90 MB.