inflationary situation of the country's economy, causing the consumer purchasing power to decrease, together with the concerns of users about future inflation. As a result, users were more cautious in their

1 / 5 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the year at the end of 31 December 2018

ended June 30,2020, which increased from the initial adoption of new financial reporting standard. However, the Company also recorded Expected credit losses on loan purchased of receivables in accordance

September 2019 and 30 September 2018 equals 215 .46 million baht and 262 .57 million baht, a decrease of 47 .11 million baht, representing 17 .94%, respectively, from the trade war situation affecting

telecommunication channels of THB 91.38 million, decreased by THB 25.20 million or -21.62% YoY mainly due to the economic conditions, weakend by COVID-19 situation and inflation problem which affected the purchasing

situation of the country which is experiencing higher interest rates. As a result, users are more cautious with their spending. The gross profit from digital content was THB 65.89 million, decreased by THB

Liabilities 4) Account Receivable Turnover = Net Credit Sales / Average Accounts Receivable 5) Average Collection Period = 360 / Account Receivable Turnover 6) Inventory Turnover = Cost of Goods Sold / Average

ETE ๅà¸ıฎำส๋à¸⁄ง๛à¸à¸¡à¸¹à¸¥à¸Šà¸²à¸⁄ฆาร๕à¸⁄ิฎรวม Q2.pdf 1 / 5 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and

116.29%. Due to an increase in the company’s credit with facilities finance institutions to facilitate the expansion of the business. Net profit (loss) The company recorded a net loss of 198.57 million

to Baht 33 million in 2Q2017 (41 percent increase), mainly from an increase in the Company’s credit balance accounts. 3. The Company reversed bad debts and doubtful accounts of Baht (8) million in