estimation of cost causing loss in such project due to various factors i.e. change of materials suppliers causing higher cost, extension of contract causing higher fixed cost as well as its underestimate cost

4% in March to May. Moreover, in 2019 there was loss in disposal of fixed assets while there is no such expense in this quarter. 3. Finance costs Finance cost for the 3-month and 6-month period ended

expenses For the three-month period ended 30 June 2020, the Company has one-time expenses, which are • Write off withholding tax and write off fixed asset 1.4 THB mm • Reserve potential loss from litigation

Limited (FSMART) 1Q2020 Management Discussion and Analysis Costs and Expenses 1) Cost of services in 2Q2020 was Bt546.49mn, increasing from 79.7% to 82.0% of total revenues from core business, from fixed

all branches of ELEGA showroom that could not generate the income and profit as aimed in order to decrease the fixed cost and the administrative expenses since the 2nd quarter of 2019. However, the

, and variable rental expenses, as well as the fixed rental expenses which were reclassified to Finance cost in accordance with the Financial Reporting Standard No.16: Leases. This resulted in the

period7 (days) 94 108 Return on equity3 (%) 10.5% -6.7% Payable days (days) 143 152 Efficiency Ratios Efficiency Ratios Return on assets4 (%) 9.1% -6.1% Liability to Equity (times) 1.1 1.2 Return on fixed

Return on equity (%) 7.3% -13.3% Payable days (days) 143 173 Efficiency Ratios Efficiency Ratios Return on assets (%) 6.5% -9.8% Liability to Equity (times) 1.1 1.4 Return on fixed assets (%) 36.6% -71.8

54.62 million. Net cash flow acquired in investing activities of Baht 109.03 million, mainly from the receipt of dividend income from BBF of Baht 143.56 million and from purchase of fixed assets of Baht

resulted from payment for the M&E equipment of the MRT Blue Line Extension Project in the amount of Baht 3,065 Million, payment for constructions of the expressway and fixed asset for the operation in the