by THB 41mm (73%) from the undertaking of larger and longer-duration project size of which majority of the increase is from contract asset which most of the payment term is for the next quarter Cash

client lease contract. Expenses analysis  Selling expense during 2019 was THB 325.6 mm, which varies according to income from sales of real estate. The 2019 selling expense accounted for 9.3% of income

forward contact was classified to other current financial assets-forward contract amounted to Baht 8 million from fair value recognition.  Non-current assets were Baht 506 million, an increase of Baht 31

and starting petrol kiosk business. 6 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis the Bt400-600mn lending amount (with 12-36 months installment contract

Contract Manufacturing Business (CMG) sales decreased 14% YoY, partly effected from the pandemic. Sales breakdown by business and geography are as follows: Sales Breakdown by Business:  Brand: Baht 692

สงูขึน้ บรษัิทฯจงึมคีวามเสีย่ง นอ้ยกวา่ในสภาวะตน้ทนุสนิคา้มคีวามผันผวน รวมทัง้บรษัิทฯมนีโยบายบรหิารความเสีย่งในเรือ่งอัตราแลกเปลีย่น โดยการ ท าสญัญาซือ้ขายอัตราแลกเปลีย่นลว่งหนา้ (Forward contract) จงึเรยีน

the company should receive in accordance with the terms of the current contract. This comprised of Chelsea Football Club Limited (CFC) and English Football League (EFL), in total of THB 92 million

more severely felt in Q2 2020 and the Thai GDP is expected to contract by about 10% for the Full year 2020. Timely Government interventions to boost the economy are helping in gradual recovery of the

ended 2019 due to net loss. 5. Business Outlook The impact of outbreak of Covid 19 Pandemic was more severely felt in Q2 2020 and the Thai GDP is expected to contract by about 10% for the Full year 2020

% (12.59) (7.9%) Current investments 83.07 6.1% 196.37 12.7% 113.3 136.4% Trade & Other receivable 114.24 8.3% 130.87 8.5% 16.63 14.6% Current contract assets 24.58 1.8% 26.11 1.7% 1.53 6.2% Inventory 9.42