result of expected credit losses instead of recognizing losses when they occur under the former accounting policies. When recognizing expected credit losses on the Company’s financial assets, it is no

income. 2. Impairment of financial assets TFRS 9 requires entities to estimate impairment as a result of expected credit losses instead of recognising losses when they occur under the former accounting

’ meeting and the conditions precedent as set out in the shares purchase agreement share subscription agreement have been fulfilled of which it is expected to complete within 20 July 2018. In addition, the

it is expected to complete within 20 July 2018. In addition, the key conditions precedent can be summarized as follows: (1) FPI has obtained the approval for the entry into the transaction from the

of this products of the company to decrease. However, the company has increased online distribution channels as a choice for new generation customers. It is expected that the domestic market will

Thailand’s financial system support the Company’s business to grow in the future. Overall economy growth is expected to grow at around 4.2% per annual. This macroeconomic factor fuels the debtor to repay cash

% Reinsurance Assets 120.8 1.4% 207.6 5.7% 86.8 71.9% Credit from Purchase of Receivables (Expected payment within 1 year) 470.8 5.6% 387.4 14.0% (83.4) -17.7% Other Current Assets 1,024.4 12.2% 83.8 2.7% (20.9

in Thailand’s financial system support the Company’s business to grow in the future. Overall economy growth is expected to grow at around 4.2% per annual. This macroeconomic factor fuels the debtor to

expected to turn to profit gradually going forward. In February 2018, NCL SINGAPORE Co.,Ltd which is subsidiary of the company has incorporated the NCL International Logistics USA Inc. (“NCL USA”) in the

Company upon the Share Sale and Purchase Agreement. 8. Benefits expected to be generated The Company considered the asset acquisition and expected to generate benefits to the Company and the Company’s