, and the change in recognition of interest income from loans using the effective interest rate (EIR) method. Effects of Covid-19 on classification and provisioning for expected credit losses In term of
MRTA is fully responsible for both loan repayment and interest expense in accordance to the concession agreement) to financial liabilities which measured at amortized cost with effective interest rate
, decreasing by Baht 495.89 million or 11.0 percent from Baht 4,491.34 million in the year 2016. The change was due to the decreased lease receivable, calculated according to the Effective Interest Method. 2.5
considering the balance of three dimensions – economy, society and environment – under good corporate governance, appropriate risk management and effective cost management. Along with this, we have prioritized
period of 2019. This increase was mainly due to switching towards more cost-effective marketing channels. Administrative Expenses In the 3rd Quarter of 2018 and 2019, administration costs increased from
December), the Company had production not only full capacity during the off-peak period (the period where electricity cost is cheaper), but also extended some operated hours to on-peak period in order to
reduction. However, outstanding loss remained due to 1) sales shrinkage; 2) higher cost as a result of higher depreciation from investments in machinery; 3) higher financial costs from investments; and 4) one
consolidated operating and administrative expenses were 2,056 million baht, decreasing by 13% y-y. However, the Company still maintained effective operating cost control with cost to income ratio at 39% of total
percent, a drop from 0.78 percent in the same period last year and 0.66 percent in the last quarter, reflecting the low overall cost of production and the slow recovery in household purchasing power. The
be effective in 2020, the Thai commercial banking system will be more stable and able to support loan expansion in the next phase. Overall Picture of the Bank and its Subsidiaries Million Baht Item