margin than average. Selling Expenses Selling expenses mainly consist of salary for the café’s staff, space and equipment rental expenses, utility expenses, and other selling expenses such as marketing and
addition, menus of the month launched early this year yielded higher gross profit margin than average. Selling Expenses Selling expenses mainly consist of salary for the café’s staff, space and equipment
long-outstanding receivables has recorded in accordance with the Financial Reporting Standard No. 9 Financial Instruments (TFRS 9) and also the employee-related expenses have increased. -3- Financial
still the fixed costs such as employee salaries, therefore the decreased rate in expense was lower than the decrease rate in revenue. Financial Analysis of the company As of March 31, 2020, the Company
also recorded additional Employee benefit reserve of THB 56 million due to the new labor law which new retirement compensation rate will apply soon. For overall 2017 performance, the Company recorded a
Q218 due to higher employee expenses from increased employee benefits provision. Due to a change in the law, employee retirement benefits provision has increased (one time adjustment) by Bht 31.6m in
) (300.05) Income Tax Expense 8,130 (9,014) (17,144) 190.19 Annual Net Loss (21,885) 5,232 (27,117) (518.28) Remeasurement of employee benefit obligations (474) - (474) (100.00) Comprehensive Profit (loss
by Baht 24 million or equivalent to 92%. Page3of4 Selling expenses (Unit: Thousand Baht) Q1'20 Q1'19 Inc/(Dec) Employee costs 7,528 3,997 3,531 Rental, service fee and utilities expenses 8,406 5,623
previous year. The majority of the Company’s expenses came from employee benefits expenses, fee and service expenses, and interest expenses, as follows: 2.1 Employee benefits expenses The Company’s employee