million baht. Details of each business can be described as follows: Revenue Structure 9M/2019 - Credit Card For the first nine months of 2019, credit cards turnover accounted 63% of total turnovers with
results based on its audited consolidated financial statements which ended 31 December 2019 as follows: Management’s Discussion and Analysis The following Management's Discussion and Analysis should be read
economic activity in the second quarter of 2017 continued to expand, driven by export of goods which showed a high and more broad-based expansion and the tourism sector which continued to expand steadily
31 December 2016, the Group has the allowance for doubtful accounts, amounting to Baht 50 million and Baht 42 million, respectively. The Group’s policy on allowance for doubtful accounts is based on
mainly from the recognition of billboard structure of THB 147mn, an increase in work in process of LED screens installation of THB 127mn and the recognition of COMASS’s assets after consolidation of THB
policy on allowance for doubtful accounts is based on past collection history, aging profile of outstanding debts and the prevailing economic condition. The management believes that allowance for doubtful
previously mentioned. Capital Structure Net interest-bearing debt to equity stood at 0.31x At the initial stage of Singha Estate and with the strategy to grow its business via M&A, short-term debts, i.e
, Pathumwan, Bangkok 10330 Tel. 66 2 654 3344 Fax. 66 2 654 3323 Appropriateness of the Funding Structure At the end of the year 2016, the Company recorded total debt to equity ratio of 17.8 times. The interest
venture of the Apollo’s deal and realized gain from the re-measurement of the remaining investment at fair values since Q2 2017. Appropriateness of the Funding Structure At the end of the year 2016, the
6 Total equity stood at Bt19,096mn, grew by 23% from end of FY2016, mainly from FY2017 net profit and the increase of capital, as previously mentioned. Capital Structure Net interest-bearing debt to