) 14,986 19,891 Unit: million Baht 30 June 2020 31 December 2019 Fi na nc ia l St at us Total Liabilities 2,406 2,194 Total Asset 15,195 15,488 Total Equity 12,789 13,294 2. Changes in Accounting Estimates

8 บริษัท จี สตีล จํากัด (มหาชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2020 1. Operating Result Highlights 2. Changes in Accounting Estimates In

and experiences among experts to keep up with development of accounting principles having effect on financial information disclosure. Vorapol Socatiyanurak, SEC Secretary-General said that the seminar

SEC plans to review the operation system that the securities business operators and derivative contract business operators have adopted for some time in the operation and provision of services in

for setting provision for deteriorated inventory based on product life which is based on the generally accepted accounting standards. (4) Liquidity and Capital Sufficiency The Corporate Group has

percent are work in progress and 46.14 percent are raw materials. The Corporate Group conducts inventory inspection every month and has employed accounting policy for setting provision for deteriorated

setting provision for deteriorated inventory based on product life which is based on the generally accepted accounting standards. (4) Liquidity and Capital Sufficiency The Corporate Group has appropriate

and has employed accounting policy for setting provision for deteriorated inventory based on product life which is based on the generally accepted accounting standards. - 9 - (4) Liquidity and Capital

every month and has employed accounting policy for setting provision for deteriorated inventory based on product life which is based on the generally accepted accounting standards. (4) Liquidity and

Company and its subsidiaries have controlled the selling and administrative expenses during the year. Moreover, the Company and its subsidiaries have set aside provision in first quarter of the year for the