18.81 million bath due to the loss of company operating results and the company use cash to invested in buying shares of associated companies. The trade accounts receivable decreased by 0.66 million baht

progress of construction. • Rights of use assets from compliance the Thai financial reporting standards No.16 leases and financial instruments group in the current period. As of 31 March 2020, the group had

Management’s Discussion and Analysis (MD&A) Page 3 of 15 Diversification into Mixed-use Development Projects In 1Q20, two new residential projects; ESCENT TOWN PHITSANULOK and NINYA KALLAPAPRUEK are launched as

140 million or an increase of 2% compared to the total assets as at 31 December 2019, amounting to Baht 7,617 million. The increase was mainly from advances payment for goods and rights-of-use assets

equipment 10,279.2 15,608.2 (5,329.0) Right-of-use assets 9,732.4 - 9,732.4 Deposits 580.1 643.7 (63.6) Other non-current assets 1,053.3 1,095.6 (42.3) Total Non-current assets 51,728.6 49,318.2 2,410.4 Total

Management decided to use deficits from business combinations under common control as a balancing account. The change in this account in each reporting period was due to the difference between the amount that

238.24 million as at December 31, 2019 due to impairment of dead stock and could not to use.. • Intangible assets decreased from THB 172.47 million from December 31, 2018 to THB 1.79 million in December 31

29.23 million. 3. Property, plant and equipment increased Baht 84.50 million, mostly from the adoption of new financial reporting standards, TFRS 16 Leases, by recognized Right-of-use assets. Total

withholding tax amounting to 24.02 Million Baht as the payment received during the period. - Inventory decreased 80.53 Million Baht due to use of material for construction service during the year. - Investment

total assets increased by Baht 855.33 million, largely attributable to increase in inventory, property, plant and equipment and right of use assets. Total liabilities decreased by Baht 214.46 million