, provision for employee retirement benefit of THB 10.23 million, professional fee of THB 8.22 million and other expenses of THB 1.70 million. The increase of depreciation expenses by THB 5.19 million R&B Food

past several years. Also, the change in accounting standards, which effective in 2020, affects the scheme of provision allowance for non-performing loans of financial institutions. However, it is

Baht, declined by 205.9 million Baht or 49.4%. Thank to the Company no longer have provision from doubtful debt. The Company’s administrative expenses to revenues stood at 15.6%. Major component of

Million Baht, other non-current liabilities of 3.68 Million Baht, liabilities under lease agreement of 5.06 Million Baht and provision for employee benefits of 0.41 Million Baht 2.3 Shareholders’ Equity As

(decreased) As of March 31,2018 As of December 31,2017 Million baht Percent 1 Total Assets 3,442.01 3,561.21 (119.20) (3.35) 2 Total Liabilities 1,578.06 1,662.64 (84.58) (5.09) 3 Total Shareholders' Equity

2. Operating results of the three months ended March 31st Descr iption First quarter of 2020 First quarter of 2019 Profit (Loss) for three months attributable to equity holders of the Company (from

69.33 60.13 9.19 15.29 Total Shareholders’ Equity 480.02 465.74 14.28 3.07 Assets Total assets of the Company and its subsidiaries as of March 31, 2020 were 549.35 million baht, an increase of 23.48

phasing of advertising and promotion activities implemented to support growth of existing brands and new products launches domestically and internationally, together with the impact of additional provision

– current assets 367,304,294.35 112,612,158.57 Total Assets 478,332,478.55 153,742,118.20 Liabilities and Shareholders’ equity Current Liabilities Overdrafts Short-term loans from financial institutions

the decrease rate in profit was lower than the decrease rate in revenue due to the reversal of provision for doubtful account of the Q4-2016. - 3 - Operating results and ability to make a profit