for employee benefits under the Labor Protection Act (the 7th revision) B.E.2562, effective on May 5, 2019. The law states that employees who have worked for the company for 20 years or longer shall
is in line with the sales. However, the conversion cost increased by 52.15 million baht mainly due to the new Labor Protection Act; which the compensation rate for employees who have more than 20 years
administrative expenses derived mainly from expenses related to employees and also hiring outsourcing company to provide household tasks. Financing Costs The financing costs of financial institutions for the 2nd
administrative expenses derived mainly from expenses related to employees and also hiring outsourcing company to provide household tasks. On the contrary, in 2018, the Company was no one-time expense regarding
markets. Moreover, there was 10.15 million Baht for the provision of compensation for retirement or termination of employment for the employees with 20 or more years of service at 400 days of the latest
, the conversion cost increased by 69.16 million baht, mainly due to the new Labor Protection Act; the compensation rate for employees who have more than 20 years of work from the original 300 days has
by 13.02%, mainly due to the employees’ benefits and also the cost of factory inspection. The Company recorded a loss from Derivative Measurement (contract for forward selling and buying of foreign
expense in various categories such as employees and marketing expense. Other revenues was Baht 4.53 million. It decreased Baht 2.74 million or equivalent to 37.72% compared to previous year by receiving
2019. The reason for the decline of expenses, because during the Convid-19 situation, the Company has a policy for employees to work from home, including the reduction of salary and benefits as well
Agents (MAs), sub-agents, MAs’ employees, and FSMART affiliated companies’ employees. • Expanding distribution business to mom-and-pop shops and starting petrol kiosk business. 6 Forth Smart Service Public