the TV sector and traditional media have been in decline and is expected to be surpassed by OOH media (Outdoor, Transit and In- store media) and digital/online spending in the near future. Master Ad

has the exclusive rights to install and manage 188 advertising panels under 23 BTS stations from Bangkok Mass Transit System Public Company Limited and (2) advertising under flyovers in which the

purchase order for slit of steel. In addition, the Company recognized more inventory in-transit which not made a payment in abroad trade payables. Non-Current Liabilities The Company’s non-current

goods in transit as of December 31, 2018 which was imported according to purchase orders and delivered to customer in January 2019. Total Liabilities was Baht 1,860.04 million, decreased Baht 868.59

1,002.80 million consisted of; 1. Trade and other receivable decreased Baht 138.67 million. 2. Inventories decreased Baht 828.53 million, mostly from goods in transit as of December 31, 2018 which was

materials. Increased in inventories of THB 45.76 million, mainly due to goods in transit for THB 22.58 million. Increase of right-of-use assets (ROU) for THB 302.57 million which is acknowledged for lease

privileges for Facebook advertising and transportation costs, MADSPACE to offer co-working space service, and MADCARD that offers a debit card. For card-accepting merchants, KBank has developed the QR Credit

) (บมจ.) 39 เอสเตท จำกัด (บจ.) ACCESS C MANAGEMENT LIMITED ACOMMERCE INC. ACOMMERCE PTE. LTD. ACOMMERCE SDN. BHD. ALCAMAX PACKAGING (VIETNAM) CO., LTD. AP PACKAGING (HANOI) CO., LTD. APAC HOLDING, LLC APAC

Concession Contracts including of the obligation for extensions of the MRT Pink Line Project and the MRT Yellow Line Project with Mass Rapid Transit Authority of Thailand ("MRTA"). The MRT Pink Line Project

higher than MACO’s Domestic Advertising segment due to higher cost from concession in Transit and Airport media. As a result, overall gross profit margin was decreased from 34.4% to 24.0%. Selling, General