forecast general economic conditions. (in thousand Baht) Allowance for impairment losses 31 December 2019 30 June 2020 Change Consolidated financial statements 1,055 3,756 2,701 2. Thai Financial Reporting
quarter with net losses due to lockdown and the disruption of activities that occurred. Sales have not yet been able to adjust back to normal due to the novel coronavirus (COVID-19) outbreak, despite the
trying to control the percentage of losses from production more efficiently. The Company manages raw materials (CPO) and product (Biodiesel)’s turnover as fast and as low as the Company can, hence the
instruments such as long-term investments, which currently are measured at cost. The new reporting standard will instead require the valuation to be done at fair value and recognize gains or losses from changes
items 1,055 1,789 1,282 (28%) 22% 3,297 4,374 33% Net foreign exchange gains (losses) (18) 242 17 (93%) (194%) (12) 207 (1,825%) Net profit 1,037 2,031 1,299 (36%) 25% 3,285 4,581 39% Non-controlling
Service The continuously realized losses is the main reason that AIL has ceased its business operation. Selling Expenses The Company and its subsidiaries’ selling expense mostly consists of domestic freight
Company has recorded an allowance for expected credit losses (Allowance for doubtful accounts) for receivables overdue in accordance with the Thai Financial Reporting Standards No. 9 “Financial Instruments
net loss of 2.29 million Baht in the 1st quarter of 2020, comparing increased loss by 1.98 million Baht from the continued operating losses. At present, the subsidiary (AIPT) has temporarily ceased its
Company had reversed expected credit losses from the allowance for doubtful accounts of a debtor of the biodiesel product of 1.24 million baht Financial Cost and Tax Expense The Company and subsidiaries
2021, the allowance for expected credit losses from receivables has been reduced. Due in 2020, such loss has already been recorded quite high. Fair value loss on FVTPL equity instrument increased by 100