assets, if material, each quarter. Inventory days were 98 days in 2019, 89 days in 2018, and 77 days in 2017. Liquidity The group has THB 8.7 billion in cash and financial investments with no interest

-of-date inventory, and make provision for aged inventory and depletion in the value of fixed assets, if material, each quarter. Inventory days were 77 days in 2017, 73 days in 2016 and 70 days in 2015

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

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

at June 30, 2018 amount of Baht 609.78 million increase Baht 21.29 million or 3.62% , an increase in property, plant and equipment by Baht 16.11 million, due to the investment in machinery of new

Material Transactions Deemed as Acquisition or Disposal of Assets dated 31 August 2008, and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and

the preparation of the Company’s financial statements, the incomplete information may result in material misunderstanding to the users of the Company’s financial statements. Consequently, the Company

22.28 116.67 (94.39) (80.90%) Property, plant and equipment 564.97 524.06 40.91 7.81% Goodwill 19.38 19.38 - - Intangible assets 13.68 9.44 4.24 44.92% Deferred income tax assets 3.98 4.15 (0.17) (4.10

, consisting of current assets of Bt7,597 million; property, plant and equipment of Bt9,306 million net; intangible assets of Bt274 million; investment property of Bt163 million; goodwill of Bt154 million

assets as of June 30, 2019 amounted to Bt17,015 million, consisting of current assets of Bt6,899 million; property, plant and equipment of Bt9,245 million net; intangible assets of Bt267 million