government such as travel restrictions and the closure of venues considered high-risk areas including department stores, it is expected that the Thai economy in 2020 will have a severe contraction with latest
stores, have led to a severe contraction of the Thai economy in the 2nd quarter of 2020 which is expected to be the deepest recession ever recorded. On 8 July 2020, the Bank of Thailand further revised
) 944.96 7.35 794.37 6.51 150.59 18.96 GFPT Group had total revenue from sales of THB 4,544.26 million in 3Q2019, representing an increase of THB 51.88 million or 1.15% up from 3Q2018 mainly from higher
to lower bad debt provision while decreasing -11%QoQ due to some seasonal staff-related expenses. Net FX loss was Bt223mn, turned negative, compared to FX gain of B263mn in 4Q20 due to THB depreciation
lower marketing campaign and activities amid the pandemic. Admin & other expenses were Bt3,908mn, decreasing -12%YoY from significant decline in bad debt provision, but slightly increasing 1.5% QoQ. 4
control. Bad debt provision was 2.7% of (postpaid & FBB) revenue, similar to previous quarter, and increased from the low- base 2.4% in 2Q21 amid lockdown. Other income was Bt 247mn in 2Q22, decreasing -55
development and recognition of the provision of damages from litigation case which the civil court ordered the sentence in the third quarter of 2022. Finance costs Q3-2021 Q2-2022 Q3-2022 9M-2021 9M-2022 THB Mn
investment. When compare Q4– 2022 to Q4– 2021, it found that there was a provision for loss based on the value obtained from the fair value measurement using the discounted cash flow model that adjusted in the
project development. Furthermore, in the year 2022, the Group also recognised the provision of damages from civil case which the civil court ordered the sentence and loss from impairment of assets. Finance
which was recorded in 4Q22. Bad debt provision as % of postpaid and FBB revenue declined from 2.6% to 2.4% following the economic recovery. Classification: Internal 1Q23 MD&A Advanced Info Service Plc. 4