) 14,986 19,891 Unit: million Baht 30 June 2020 31 December 2019 Fi na nc ia l St at us Total Liabilities 2,406 2,194 Total Asset 15,195 15,488 Total Equity 12,789 13,294 2. Changes in Accounting Estimates

8 บริษัท จี สตีล จํากัด (มหาชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2020 1. Operating Result Highlights 2. Changes in Accounting Estimates In

operating results of each product line have already been disclosed in full in the note to the financial statements in accordance with the accounting standards on disclosure of financial information as

government. In terms of sales channel management, during normal times prior to the outbreak of COVID-19, branches in shopping malls are considered as the main sales channel of the Group, accounting for

) SANCTIONS.—If the Board finds, based on all of the facts and circumstances, that a registered public accounting firm or associated person thereof has engaged in any act or practice, or omitted to act, in

% 159.64 30.5% Revenues from HR solutions 358.10 74.2% 396.99 75.9% 2. Financial solutions 2.1 Enterprise Resource Planning 96.99 20.1% 98.94 18.9% 2.2 Accounting & Finance Outsourcing 23.79 4.9% 19.18 3.7

% Revenues from HR solutions 105.74 80.4% 108.59 81.9% 2. Financial solutions 2.1 Enterprise Resource Planning (ERP) 20.04 15.2% 15.08 11.4% 2.2 Accounting & Finance Outsourcing 3.49 2.7% 5.44 4.1% Total

income for the year sharply increased 212.56 Million Baht, accounting for 61.87% from previous year as the increased in Structural Mechanical Piping Electrical & Instrument service (SMP E&I) and

Managing Director of Accounting and Finance, and the disposition of land of the Company’s subsidiary To President The Stock Exchange of Thailand K.C. Property Public Company Limited (the “Company”) would

177.30 million, a decrease of 28.1% over same period last year. However, the decrease in net profit was mainly from the group has changed accounting policies about provision for obsolete and slow-moving of