combination under common control. Additionally, the Company expanded the number of branches, which led to an increase in furniture and office equipment. Furthermore, the Company revised the estimated useful

Analysis (MD&A) 2019 Page 3/8 profit equal to 67 million Baht. It was due to a result of the strict credit control by the Company, causing an increase in revenue from collecting (Bad Debt Recovery

%, improved from 17.5% in 1H/2022 due to the increase in sales revenue at a higher proportion than administrative expenses, as well as the Company was also able to control administrative expenses effectively

lower than last year at 44% 5 of total revenues. However, the Company was able to effective control the operating and administrative expenses. In 2019, the Company has developed AEON Thai Mobile

persons); therefore, it no longer has control in the company, resulting in the change of MACO’s status from a subsidiary to an associate company of VGI.  After the restructuring, MACO will focus on

. Although the sales revenue decreased, but the company was still able to control the cost effectively. Gross Profit Margin and Net Profit Margin was at 52.89% and 32.74% respectively, while Return on Equity

proves the delivery of payment document from the management company to the fund committee (4) Control on the receipt of money by the member or beneficiary (a) Having examination of the receipt of money by

of the Securities and Exchange Commission No. OrKhor./Nor. 5/2549 Re: Guidelines Relating to Operating Systems of Fund Management Business In order for a management company to comply effectively with

in GS of 3 persons from 5 persons to help the Company to control the business operation in GS. The area under the water supply contract has high water requirements. This area is full of the community

and operating policy decisions of the enterprise but is less than control over those policies. The shareholder beneficially owning more than 10% interest in the voting shares of the company is presumed