percent. Because the decrease in loans from financial institutions and loans from other companies. Tax expenses The Company and its subsidiaries' tax expenses was increased THB 15.96 million or 868.84

facilities finance institutions to facilitate the expansion of the business Net profit (loss) The company recorded a net loss of 39.60 million Baht for the year ended December 31, 2018, an increase in net loss

institutions which are sufficient to complete the projects, and is expected to transfer the ownership to its customers as well as recognize revenues in the second half of the year 2019. II Gourmet Food and

in the process of construction as planned. Also, the Company received credit facilities from its financial institutions which are sufficient to complete the projects, and is expected to transfer the

. Financial Costs The Company and its subsidiaries' financial costs was increased Baht 8.67 million or 43.48 percent, because loans from financial institutions and loans from other companies decreased. Tax

was 51.8 million baht compared to 52.4 million baht the same period last year, decreased 0.6 million baht or 1.2 percent. Consolidated bank overdrafts and loans from financial institutions for the

%. The main factor in the decrease was repayment of loans from financial institutions. Shareholder Equity As of 31 December 2018, and 30 June 2019, the Group had shareholders’ equity of THB 468.6 Mn and

13.20% Liabilities Short-term loan from financial institutions 93.95 194.87 100.92 107.42% Current portion of debentures - - - 0.00% Other current liabilities 198.17 197.16 (1.01) (0.51%) Debentures - net

1Q2017, mainly from an increase in interest paid on borrowings from financial institutions and bill of exchange. 2.4 Bad debt and doubtful accounts (reversal) The Company has bad debt and doubtful accounts

was due to the fact that the Company repaid some loans to the financial institutions as well as financial leases for the total of 16.32 million baht. Hence, the debt to equity ratio stood at 0.13 times