million due to higher in both raw material price. Other current liabilities increased by Baht 19,344 million resulting from the investment in allnex Holding GmbH, which impact to increased Others Payable by Baht 8,568 million, and the increase in the Company’s liabilities of derivatives related to financial and commodity hedging. Other non-current liabilities increased by Baht 36,652 million due to the investment in allnex Holding GmbH in 2021 resulting in increased Deferred tax liabilities by Baht 26,635 million. Shareholder’s Equity As of December 31, 2021, the Company had total Shareholder’s Equity of Baht 327,603 million, increased by Baht 38,609 million from December 31, 2020, as a result from Net profit as of December 31, 2021 at million 44,982 Baht, dividend payout for the year of 2020 amounting to Baht 4,486 million and interim dividend payout for the year 2021 amounting to Baht 8,973 million. Additionally, the Company had higher Other components of equity by Baht 5,404 million, which included the fai r value measurements on the reclassification date of GPSC by Baht 3,648 million. Cashflow statement Cashflow (Unit: Million Baht) For the year Ended 31 Dec 2021 Net cash flows provided by operating activities 68,650 Net cash flows used in investing activities (148,843) Net cash flows provided by financing activities 90,036 Net increase (decrease) in cash and cash equivalents, before effect from foreign exchange rate 9,843 Effects of exchange rates on cash and cash equivalents 1,458 Net decrease in cash and cash equivalents during the period 11,301 Cash and cash equivalents at the beginning of the period 44,313 Cash and cash equivalents at the end of the period 55,613 Current investments in financial assets at the end of the period 19,381 Net cash and cash equivalent and investment at the end of the period 74,994 For the period ended December 31, 2021, the company had cash flow activities as follows: Cash flows provided by operating activities of Baht 68,650 million. Cash flow used in investing activities of Baht 148,843 million. The Company had an increase in investment in subsidiaries, associates, and joint ventures amounting to Baht 134,411 million and payment for the acquisition of property, plant, and equipment, and intangible assets amounting to Baht 16,074 million. Besides, the Company had current financial assets of Baht 5,029 million. However, the Company had proceeds from GPSC shares disposal amounting to Baht 25,271 million and dividends received amounting to Baht 2,207 million. Cash flow provided by financing activities of Baht 90,036 million mainly due to the proceeds from Bonds issuance by Baht 40,000 million, and the proceeds from short-term and long-term borrowings from financial institutions by Baht 90,175 million. The Company had Bond redemption of Baht 20,000 million and total Dividend payment of Baht 14,080 million, of which were Dividend payment from the Company of Baht 13,459 million. As a result, as of December 31, 2021, the Company had total Cash and Cash Equivalents of Baht 55,613 million, along with Current investments in financial assets of Baht 19,381 million. Hence, the Company had total cash and cash equivalent and investment of Baht 74,994 million. The Company had Net interest-bearing debt to equity at 0.61 times and Net interest-bearing debt to EBITDA at 3.28 times. 107 BUSINESS OPERATION AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL REPORTS AND FINANCIAL STATEMENTS APPENDIX
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