) and Germany (11.9% drop) (Source: Ministry of tourism and sports). One of the reason is the effect of FIFA world cup 2018 event hosted in Russia, especially during a month of June, corresponding with an
Cash basis. ● The Company recorded Deferred tax assets that occurred during Q1/2020 at Baht 1,237 million, which increased by Baht 746 million or 151.9%. Such change is mainly resulted from temporary
measurement in several countries resulting a significant decrease across economic activities which expected a deep economic deceleration throughout the year. During the last period shrinking economy impacted
occurred during Q1/2020 at Baht 1,237 million, which increased by Baht 746 million or 151.9%. Such change is mainly resulted from temporary differences relating to past differences in interest income for
assets and repayments of long-term loans, and dividend payment during the year. - The increase in inventory, by 14.35%, from raw material and inventory reserved. - The decrease of value added tax
from normal depreciation offset with asset acquisitions during major turnaround in 2018. 5. The balance of deferred tax assets at the end of 2018 was 102 MTHB, decreasing by 204 MTHB comparing to 306
% which was resulting from same store sales growth at 17.10% and new branches at 4.02%. Sales grew from sales of the old collections and new collections that launched during 2nd and 4th quarter 2019 such as
previous year, due to the transition of a new strategic business partner as distributor, resulting in the declining sales during the transition period, let alone the fact that sales started through the new