amounting to 221.35 million baht. At the same time, the Group repaid shortterm loans from related persons and businesses amounting to 104.11 million baht in order to restructure the Group’s financial management. Balance of net capital was 214.80 million baht. The Company’s cash flow from normal business operations in 2011 was higher than 2010 by 199.10 million baht. However, the Company had already paid 2,832.22 million baht for supplies and equipment needed for construction solar-based power plants, and made reserve for procurement of products for sales. Therefore, the Company mobilized additional funds for the amount of 3,226.37 million baht in 2011 and paid dividend for 2010 performance for the amount of 29.99 million baht. Cash flow available for 2012 was 314.96 million baht. In 2012, the Company’s net cash flow generated from operations was over 1,000 million baht owing to higher revenue especially from construction services, higher debt collection of 769.07 million baht, increase in credit for procurement of products and supplies for sales and construction of 850.77 million baht. Despite cash flow paid for main items such as taxes and interest, the Company had remaining net cash flow from operations of 1,820.09 million baht. Still, the Company had to use cash flow for investment activities, e.g. investments in subsidiaries and associated companies of 276.07 million baht, purchase of the Group’s products and deposits with guarantee obligations of 5.42 million baht, 1,194.03 million baht and 419.98 million baht, and other items of 59.23 million baht. The Company obtained 594.82 million baht from divestments, and had to pay net investments of 1,354.43 million baht. Therefore, the Company sought additional financial supports from financial institutions amounting to 937.53 million baht and from related persons and businesses amounting to 157.08 million baht. Meanwhile, it had already paid 1,237.89 million baht for debts incurred from funding, 48.60 million baht for dividends and 8 million baht for other obligations. The Company had a cash flow of 581.93 million baht for 2013 business management.
Gunkul Engineering Public Company Limited
GUNKUL_2012 GUNKUL ENGINEERING PCL Annual Report 2012