and loss on exchange rate offset by a reduction in allowance for doubtful debts. Share of loss from investment in associates decreased by Baht 46 million mainly relates to the profit from Thai Wah PLC

) (505,500,082) (327,258,194) Gross profit 13,889,078 13,889,078 27,648,176 Other income 14,704,589 14,703,664 23,546,969 Administrative expenses (129,469,708) (129,388,408) (116,002,628) Allowance for doubtful

) -15.1% Cost of sales 1,061 1,259 (198) -15.7% Cost of service - - - 0% Selling expenses 151 180 (29) -16.0% Administrative expenses 79 86 (7) -8.4% Allowance for investment in subsidiary 52 56 (4) -7.8

39% Cost of sales 1,509 1,061 449 42% Selling expenses 233 151 82 55% Administrative expenses 102 79 23 29% Allowance for investment in subsidiary 19 52 (32) (63%) Profit for the year 286 251 35 14

, representing a THB 8 million increase from 2017. Further, the Company’s subsidiaries’ allowance for reversal (loss) of doubtful account was reduced by THB 1.21 million compared to 2017. Interest Income The

because in 2017 the Company recorded additional allowance for doubtful accounts related to a joint venture. However, in 2018 the National Legislative Assembly passed a resolution approving the draft of a

the amount of Baht 6.38 million or 4.91% when compared to the year 2017. 4. Allowance for doubtful accounts and damages from lawsuit The damages from lawsuit decreased when compared to the year 2017. In

an allowance for doubtful accounts of approximately 13 million baht in accordance with the policy. This is set up according to the overdue period with the main program occurring during the change of

cars stood at 1.35% of average loan for 1Q19. Allowance for doubtful accounts and allowance for troubled debt restructuring amounted to Baht 10,919 million with outstanding Baht 4,500 million in general

shopping center.  Reflecting to new TFRS 15, the company acknowledged less revenue concerning to reclassification of discount & allowance and sales promotion items.  Total expenses increase are mainly