------------------------- Securities Issuance and Takeover Asset Management Securities Brokerage/Dealer/Underwriter and Financial Advisors Marketing IP/FG Ombudsmen Private Fund Marketing Representative (PF) Accountants and Auditors
% 438.69 474.69 (35.99) -8.20% เพิ่ม (ลด) TOTAL ASSETS TOTAL LIABILITIES TOTAL SHAREHOLDERS' EQUITY Statement of Financial Position For Quarter 1 Year 2020 (Million Baht) 5 | MANAGEMENT DISCUSSION AND
TOTAL LIABILITIES TOTAL SHAREHOLDERS' EQUITY Statement of Financial Position For the Year 2019 (Million Baht) เพิม่ (ลด)2018 6 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 • Investments in subsidiaries
-170.49% 474.69 1,301.01 1,475.81 -55.99% TOTAL ASSETS TOTAL LIABILITIES TOTAL SHAREHOLDERS' EQUITY Statement of Financial Position For the Year 2019 (Million Baht) เพิ่ม (ลด)2018 6 | MANAGEMENT DISCUSSION
-current assets Current liabilities Non-Current liabilities Equity 4,164 4,879 4,879 40.1% 59.9% 43.0% 57.0% 3.9% 27.1% 69.0% 31.9% 62.0% 6.1% MANAGEMENT DISCUSSION & ANALYSIS 2019 11 Feb 2020 MASTER AD
business comprises of brokerage business, investment banking business, investment business, and asset management business. Details are as follows: Equity and Derivatives Brokerage Business Phatra
1,621.84 million. Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2020 Page 11 3.2 Analysis of liabilities and equity As at June 30, 2020, the total liabilities
Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 13 May 2019 No. ZEN 2562-018 Subject Management Discussion and Analysis for 3