(3) decreased financial expenses. Zen Corporation Group Public Company Limited 782/1 Soi Onnuch 17, Suanluang, Bangkok 10250 THAILAND. Tel: 02-0195000 Analysis of Financial Position Assets As of 31

. Financial Position Analysis Unit : MB As at As at Change 30 June 2019 31 December 2018 MB % Cash and cash equivalents 67.34 159.65 (92.31) -57.82 Current investment 102.98 156.04 (53.06) -34.01 Securities

of employee and executive expense and other expenses such as depreciation of fixed assets, leasing of office building and, overseas travelling expenses. Administrative expense of the first quarter of

, and the Group has gain on disposal of fixed asset amounting to 3.23 Million Baht in Q1 2017. While in Q1 2018 the Group has interest income 0.71 Million Baht and gain on short term investment 0.20

it was also a consequence of the administrative expenses in Q2–2018, which was similar to Q2–2017, which those were a fixed cost that continues to occur even if the revenue was decreased. As a result

Position and Statements of Cash Flows At the end of 9M 2018, the Company and its subsidiaries have the total assets in the amount of THB 3,952 million, which decreased from the same period of the previous

, due to interest expense of lease contract. 2 Financial position analysis Unit : Million Baht March 31, 2020 December 31, 2019 Increase (Decrease) ร้อยละ Total assets 534.59 340.25 194.34 57.12 Total

caused net loss. In addition, the Company closed Hat Yai branch on 1 July 2020 to improve profitability of the Company and had already written off fixed asset. The company focuses on the sustainable growth

Statements of Financial Position as of June 30, 2020 has changed from December 31, 2019 as follows; Assets (Mill. Baht) Total Liabilities & Shareholders' Equity (Mill. Baht) Cash and cash equivalents Total

first project is in Phra Nakorn Sri Ayutthaya outlet and continues to roll-out to other outlets in the future. Financial Position Analysis Unit : MB As at As at Change 30 September 2019 31 December 2018