additional provision for employee benefit as per new labour protection act of THB 24 million. The Company reported the net loss of THB 22 million for the first six month of 2019, which it was THB 252 million
new Labour Protection Act, which is in the process being published in the Royal Gazette. The new Labour Protection Act stipulates additional legal severance pay rates for employees who have worked for
violence against women, and to combat all forms of discrimination based on gender. The EU will also continue to promote decent work and respect of international labour standards,” he said. UN Resident
performance of Thai Economy, as well as an impact from the rising of Wage and Benefits from the agreement with Labour Union in Q2/FY2019 (January 1 – March 31 2019) resulted to; 1. Total revenues of the Company
declined because of high employee benefit expenses and utility costs last year. In 2019, the high employee benefit expenses were due to an amendment of a labour protection law that employees were entitled to
according to (a) the Labour Protection Act No. 7; and, (b) some adjustments for the employees benefit calculation. This Labour Protection Act increased the compensation for the employees who work with the
Company underwent a remeasurement of employee benefit obligations in terms of post- employment benefits of THB 0.29 million, which was due to adjustment of assumption for establishing employee benefit
period of 20 years and more to the last 400 days of their wages according to Labour Protection Act (No.7) B.E.2562(2019). ▪ An increasing participating profit from investment in associated companies in Q2
management, work system and data security in compliance with law and international standards, as well as appropriate user protection. 2. Eligible banks must have investment and income ratio of IT-related
The Gross Profit margin was 3 percentage points lower at 8% in Q119 up from Q118 at 11% due to higher higher labour costs 1%, higher depreciation 1%, higher salaries expenses 1% . Page 1 of 3 Operating