School Name: สารสาสน์วิเทศศึกษา (Translation) Re: BOD.SET 003/2562 February 26, 2019 Subject: Clarification on the Change in operating results for the twelve month ended December 31, 2018 over 20
Consideration : Conditions and other agreements in the contract are based on normal commercial terms. (8) Expected Benefits : The installation of the machinery for the production of Siding Board and Diamond Board
Hwa Fong Group, according to the contract. Hwa Fong Rubber Company (China) The seller will supply the machinery. And equipment used in the production process, production methods In order to support the
(in China), the affiliated companies of the Hwa Fong Group. The criteria for determining cost-plus basis, compared to the market price. According contract Hwa Fong Rubber Company (China) The seller will
termination of a contract with high revenue in mid-2017. Notwithstanding the lost, the impact on the gross margin is not significant as this contract has low margin. Cost and Gross margin Cost of sales and
(China) Co., Ltd. “HFC” and Hwa Fong Rubber (Suzhou) Co.,Ltd. “ HFZ “ . Type of transaction Purchase of machinery, molds and equipment Agreement. Used in the production process Includes processes and
estimation of cost causing loss in such project due to various factors i.e. change of materials suppliers causing higher cost, extension of contract causing higher fixed cost as well as its underestimate cost
. However, contract labilities that mention above increased of Baht 9.91 Million, or 4.56% compared with last year. These changing resulted from construction income received in advance increasing during the
% for year 2020, 2021, and 2022 respectively. In the year 2022, The company has closed the forward contract as a result in lower administrative expenses. Net Profit (Loss) for the Period (Attributable to
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