% from 2017. The increased mainly came from loss on disposals of fixed assets in the amount of 1.35 million baht. And also the increased from depreciation expenses from machines that installed in 2nd
fixed interest rate from 2.05 to 3.01 percent per annum to reduce financial cost and risk management from floating interest rate. As a result, the Company has saved interest expense approximately by Baht
at key customers. These issues are resolved and with expected fixed asset investment due to the expected government stimulus and a new product, targeting steel customers, now ready this part of the
Statement (852) (505) The company estimates the effects from changing the expected useful life of the fixed asset throughout the year as followed: Unit: Million Baht Type of Fixed Asset 2019 Depreciation New
movement as follows: Cash and cash equivalent increased Baht 8.07 million or equivalent to 15.29 % because the 6- moth fixed deposit reached maturity and the Company changed it to be 3-moth fixed deposit
which are fixed cost still exist and not variable to the income such as animal feed, utilities, water-electricity bill. Therefore, the company has managed to reduce some unnecessary expenses during the
more fixed expenses. As the result, the change rate in total operating expenses is similar. In terms of the profit of the Company for Q1–2020, it has a lower change rate than the change rate in revenue
will materialize in the rest of the year. In general, fixed costs will reduce due to Covid-19 restrictions on travel and mitigation plans in place for fixed cost savings in all departments. Gross profit
optimism that fixed asset investment that has been on hold will pick up. Internally our new flux product targeted at the steel market is now gaining the traction that it gets globally and we are confident of