whereas sales of a new subsidiary company mostly came from 2 Stainless Copper and Aluminum as the main product groups among various industries, mainly in particular for automotive, electrical appliance and
80,771 million baht as of February 28, 2018. The main assets were attributed to the portfolio of net account receivables which shared 91% of total assets. - Accounts Receivable The Company had gross
aviation fuel services volume and total flights of thus two main airports were 5.2% (y-o-y) and 6.5%(y-o-y) respectively with consequences to the growth of tourism industry of Thailand. During the passengers
still believes that the Company could collect debt from the main customers based on the past experience. However, the management had set up the allowance for doubtful accounts, amounting to THB 5.99
volume and the total flights of thus two main airports were 4.5% (y-o-y) and 5.8%(y-o-y) respectively in line with the growth of tourism industry of Thailand. During the passengers who traveling through
service income, which is not related to its main business totaling THB 1.24 million while unrealized gains on exchange rate decreased by THB 1.07 million. Cost of services and sales Cost of services and
482mn mainly due to the aforementioned consolidation which was the main driver in increasing the cost-to-sales ratio from 57.8% to 64.5% in this quarter. VGM’s cost structure is higher than MACO’s
are summarized as follows. Assets As of 31 December 2019, the Company had total assets of THB 82,263.8 mm, which increased by THB 3,918.9 mm from THB 78,344.9 mm as of 31 December 2018. The main reasons
Company’s shareholders’ equity stood at THB 5,586.4mn, a decrease of THB 143.4mn or 2.5% from THB 5,729.8mn as at end of 2019. The main cause was a decrease in unappropriated retained earnings which resulted