measure. As aforementioned and unable to suppression of COVID-19 spreading soon, fatty alcohols market’s purchasing power has been declining. On the supply side, Indonesia and Malaysia, the major producers

expenses, (ii) depreciation which was significantly increased by THB 214mn (or 129%) YoY, driven mainly by the adoption of the new financial reporting standard related to Leases (TFRS16) (iii) Loss on

totaling THB 1,155mn (or 65.2%) YoY, partly offset by (ii) depreciation which was significantly increased by THB 188mn (or 98.4%) YoY, driven mainly by the adoption of the new financial reporting standard

1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE In

year 2016 ECF Holdings Company Limited, as the subsidiary of the Company by holding 75 percent of total shares, invested to solar power plant with installation capacity 1.5 MW at Himeji Prefecture, Japan

million derived from gain (loss) from investment value of the associates with the details as follows; 1. SAFE Energy Holdings Company Limited (SAFE) which is held 33.37 percent of total shares by ECF Power

as the rise of e-commerce and growing global supply chains, both of which limited the pricing power of domestic firms. As a result, Thailand’s nominal GDP increased by 6.3 percent, leveling at Baht

last year which was 36.1%. The lower in gross profit margin came from the reason that the Company firstly adopted the Thai Financial Reporting Standard No. 15, subject to Revenue from Contracts Made with

that, operating expenses rose by Baht 5.42 million because of the increase of the amount of employee benefit obligations in according with the accounting standard. The ratio of net claim expense over

International Standard on Quality Control 1 (ISQC1) issued by the International Federation of Accountants (IFAC). Additionally, the firm consents audit quality inspection carrying out by inspectors of the SEC. 2