: Reflect good performance into the consolidated financial statements, value of firm and dividend. 7. Source of fund Cash from increase newly share capital to private placement of Baht 644 million. The

independent appraiser). Such transaction is considered as the related transaction and has the transaction size in 0.26% of the net tangible assets of the consolidated financial statements on 30 September 2018

value of consideration which is the basis giving the highest result of transaction. The outcome is calculated from the Company’s consolidated financial statements in interim review version for the 9-month

method based on the review of consolidated financial statements ended 30 June 2019. The Company had not entered into any other acquisition transaction during the past six http://www.navanakorn.co.th

quality of assets Trade account receivables Unit: Million Baht Consolidated financial statements 30 September 2019 31 December 2018 Trade account receivables - unrelated parties 1,343 2,455 Less: Allowance

than investment value previously recognized as loss of the Company in the consolidated financial statements for the past periods 3. The costs of sales and administration are totally increased for 40.58

income Consolidated financial statements (Thousand Bath) 31 Mar 20 % 31 Mar 19 % YOY %YOY Sales 231,635 63.39% 160,417 81.71% 71,218 44.40% Service income 40,635 11.12% 24,397 12.43% 16,238 66.56% Other

Consolidated Financial Statements ended 31 March 2020, which have been reviewed by the Company’s authorized auditor. The Board of Directors deemed appropriate to appoint the said authorized auditor to perform

1 GLOCON.018/2020 May 15th, 2020 Subject Management’s discussion and analysis for 1st quarter of 2020 Attn. The President The Stock Exchange of Thailand Management’s analysis Consolidated Financial

The quality of assets Trade account receivables Unit: Million Baht Consolidated financial statements 31 March 2020 31 December 2019 Trade account receivables - unrelated parties 743 641 Less: Allowance