16% 0.87 0.71 0.75 16% 1Consolidated financials are based upon elimination of intra-company (or intra-business segment) transactions 2Total of each segment may not always tally with consolidated
1 MD&A 2Q 2017 (Ended 30 June 2017) MASTER AD PLC MANAGEMENT DISCUSSION & ANALYSIS 2Q 2017 1 AUG 2017 MEDIA INDUSTRY AND BUSINESS IMPACT ANALYSIS Advertising spending reported a decline of 1.4% QoQ
economic activity in the second quarter of 2017 continued to expand, driven by export of goods which showed a high and more broad-based expansion and the tourism sector which continued to expand steadily
Trade and Current Po Current Po Short-term Other Curr Debentures Other non- Total non-c Total Share Assets As of the p higher tha investmen Liabilities As for the baht more term loan decline by times and
31 December 2016, the Group has the allowance for doubtful accounts, amounting to Baht 50 million and Baht 42 million, respectively. The Group’s policy on allowance for doubtful accounts is based on
policy on allowance for doubtful accounts is based on past collection history, aging profile of outstanding debts and the prevailing economic condition. The management believes that allowance for doubtful
than those Q4-2016. - 4 - Selling and administrative expenses The cost of sales in Q4-2017 slightly increased from Q3-2017 as opposed to the decline in the rate change in revenue due to the increase in
promoting a value-based economy will happen in four important areas (1) From traditional to modern agriculture with a focus on management and technology; (2) From traditional SME to smart enterprises and
use the spandex instead of natural rubber, and the competition is quite high. As a result, the sales of the company of this group is likely to decline in the future. For elastic segment for adult