) -0.69% Lease liabilities 38.31 22.58 15.73 69.66% Non-current provisions for employee benefits 13.54 16.41 (2.87) -17.49% Other non-current liabilities 19.25 20.41 (1.16) -5.68% Total non-current

compared to the same period of 2019. This was mainly because the Company focused on costs control and there was an increase in employee benefit provision of Baht 46 million in the second quarter of 2019

in line with lower sales. Administrative expense decreased mainly as a consequence of cost control measures in place, reducing headcount, working hours and OT, and other employee expenses together with

125.93 million, mainly due to management expense, employee expenses, utilities and audit fees. Financial Cost (6 months) For quarter 2/2020, the Company’s finance cost is Baht 19.69 million dramatically

administrative expenses for 6 months of 2020 is 207.2 million baht increased 18.9 million baht increased 10% due to the increasing employee compensation from the expansion of debt collection business. Financial

current situation. BAC reduced 30 per cent of total employee BFS Ground reduced 70 per cent of total employee and BFS Cargo reduced 15 per cent of total employee. Management’s Discussion and Analysis

for employee benefits 5.43 5.06 0.37 7.38 Total non-current liabilities 136.52 139.11 (2.58) (1.86) Total liabilities 1,039.44 993.33 46.11 4.64 Equity Share Capital – Authorized 140.00 140.00

million baht, accrued income tax of 4.04 million baht, liabilities under lease agreements 3.74 million baht and non- revolving provision for employee benefits at 0.47 million baht incorporate with a

, employee and management benefits, office rental, travel expenses, and professional fees. In Quarter 1 of 2020, the decrease in administrative expenses is mainly due to (1) THB 0.59 million decrease in

% 7.97 Employee benefit obligations 4.43 0.26% 4.10 0.26% 0.33 8.05% Other non-current liabilities 7.14 0.42% 11.18 0.71% -4.04 -36.14% Total Non-Current Liabilities 49.38 2.90% 47.64 3.03% 1.74 3.65