baht or 5.5 percent compared to non-current assets as of December 31, 2019. The significant change occurred from changes in accounting policies due to Thai Financial Reporting Standard No. 16 (TFRS 16
timely manner. Impact from Changes in Accounting Policy From 1 January 2020, the Group has adopted Thai Financial Reporting Standard - Financial instruments group and Thai Financial Reporting Standard No
or 33.09% because of the record of expected credit losses from trade accounts receivable by the Thai Financial Reporting Standard 9 (TFRS9) “Financial Instrument”. Net profit (Loss) Company’s operation
adoption of new financial reporting standards, the acquisition of a new subsidiary and the depreciation of the Thai Baht that affected the value of Company’s overseas assets • Net debt to equity ratio at the
subsidiaries increased Baht 79.27 million from profit sharing from investment in BBF. 4. Property, plant and equipment increased Baht 88.58 million, mostly from the adoption of new financial reporting standards
sector. 2. A decrease in trade accounts receivable at amount of Baht 24.51 million due to the impairment of trade receivables increased by Baht 55.07 million (according to Thai Financial Reporting
postponement, or is in default, as the case may be; 2) To require the preparation of financial statements in accordance with the Thai Financial Reporting Standard for Publicly Accountable Entities (PAE) in
for public offerings. The issuers must prepare financial statements in accordance with financial reporting standards while having no record of failure to file with the SEC their financial statements or
Company’s statements of financial position as of March 31st, 2020 compared to that of December 31st, 2019. The impact of the new financial reporting standards The adoption of Thai Financial Reporting
increased from quarter 2/2019 by Baht 11.37 million, which mostly resulted from the revision of Thai Financial Reporting Standards No. 16 which effective since January 1, 2020. Net Profit (Loss) for the