from raw materials prices and selling expenses decreased 1.08 million Baht or 4.22%, i.e. the export expenses increased due to the merger of transport companies. Administrative expenses decreased 4.27
respectively. This is the result of the decline of long credit term branded business. At the same time, the company and its subsidiaries recorded allowance for doubtful accounts totaling 62 million baht due to
novating M&E accounts payable to long term loan from financial institutions totaling of Baht 13,619 Million which is the same amount that the Company has the obligation. This novation has no effect to the
increased by 18.40 million Baht or 2.70%, mainly came from raw materials prices and selling expenses increased 3.65 million Baht or 16.56%, i.e. the export expenses increased due to the merger of transport
for employee benefits of 8.32 Million Baht decrease in Bank overdrafts and short-term loans from financial institutions of 0.30 Million Baht, trade accounts payable and other payables of 101.20 million
increased in sales revenue, at the same time the company and its subsidiaries recorded allowance for doubtful accounts totaling 126 million baht, compare to 2017 of 99 million baht, respectively due to higher
subsidiary 26.00 26.00 - Other non-current assets 4.21 1.25 4.77 Total non-current assets 184.49 200.45 157.43 Total assets 291.92 218.28 157.67 Accounts payable 9.05 4.06 - Property Payable 22.37 - 0.01
Liabilities Non-current liabilities Trade accounts and notes payable 58,641,555.19 99,225,939.93 77,839,679.33 Income tax payable 0.00 362,461.43 1,912,461.58 Other current Liabilities 5,656,429.40 0.00 0.00
628,680 7% 590,385 7% 939,431 13% 1,222,789 26% Trade accounts payable 108,345 1% 133,706 2% 99,264 1% 109,366 2% Current portion of digital television licences payable 473,800 6% 556,204 7% 584,069 8
previous year. This is due to the increase in administrative expenses which are doubtful accounts and long-term employee benefits. Finance cost The financial cost for 2019 amounted to Baht 102 million, a