’ requirements. The Company and its subsidiaries therefore sold scrap and recorded as the other income. 1.3 Cost of goods sold Majority of cost of goods sold are cost of raw material are cold rolled stainless

account of: 1. Trade accounts payable decreased by THB 1,700 million. 2. Short-term loan from related parties decreased by THB 1,239 million. 3. Other payables and accrued expenses decreased by THB 379

participants in all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed in order to cope with the more dynamic business environment. The raw material

categorized into 3 groups, namely: 1. Current Liabilities THB 4,047 million, for example, Trade Account Payable THB 1,384 million, Short term loan from related parties THB 1,151 million. 2. Defaulted

raw material cost which is higher by 1.5 percent. However, the selling and administration expenses consists of employee benefits, rental, depreciation and marketing expenses were THB 2,759 million

opening of new branches, (2) positive same-store-sales growth and (3) increased sales of raw material to franchisees. Franchise fee income increased from THB 56.5 Mn in 2017 to THB 69.6 Mn in 2018, an

% and was mainly due to (1) the opening of new branches, (2) increased sales of raw material to franchisees and (3) increased sales of retail merchandise. Franchise fee income increased from THB 13.0 Mn

material decrease in sales from China. The Company has plans to expand further to other potential countries and is in the process of conducting market feasibility studies in those markets. Table 1: Sales

No. TorJor. 20/2551, Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets (as amended), and the Notification of the Board of Governors of the Stock Exchange of

. The Company has 2 subsidiaries, Aurum and Aurum Company Limited which operates raw material and equipment sourcing and import. and M&M 2007 Co. (a trading company), together with the Company, the “Group