prepare for the economic contraction due to the COVID-19 outbreak. The changes also included the decrease in trade receivables and other debtors in the amount of THB 202.38 million and the decrease in
million In 2019, the Company has increased expenses for filing lawsuits against long overdue debtors. Including the Company and its subsidiaries recognized the expenses from the compensation adjustment for
account receivable turnover especially debtor screening policy efficiently. Therefore, there has been no record for an uncollectible account from Debtors. This is to ensure the Company financial status and
percent compared to the same period of last year. Increases in such expenses resulted the Company has set aside allowance for doubtful accounts. For debtors who have tracked debt and overdue debt. The
and Economic Teak Plantation. The payment of maintenance in advance in accordance with maintenance contract. However, the Company has not yet received money from large debtors at the end of Q2-2023
preserving policy space. The MPC deemed the government’s announced relief measures and loan repayment measures to assist borrowers affected by the Covid-19 would more directly address the problems than
due to the allowance for doubtful accounts from debtors. However, the Company has improved its operations as details below. 1. Quality customer selection, the Company has revised the credit approval
order to alleviate such impact on our customers, the Company offered credit assistance measures to those customers affected by COVID-19, in line with the Bank of Thailand’s measures to ease debtors
become more confident about debt repayment from debtors. (2) Advance payment for purchased program rights decrease THB 243.39 million or 37.15% because of the payment for reservation in content rights to