, or 1.86 percent. Financial Costs The Company and its subsidiaries' financial costs was decreased Baht 1.74 million or 15.46 percent, because loans from financial institutions was decreased. Tax

to receiving payment from debtors 110.54 million Baht and depreciation 9.03 million Baht. Total liabilities decreased 18.96% due to payment of trade payable 69.13 million Baht and loans 12.25 million

. Excluding the extra finance cost of THB 4.4 mil. the finance cost of Company increased by 82.9% q-q, mainly caused by short- term loans for working capital increase. Finance cost Net Profit THB million Q1’20

bank loans, interests from debentures, interests from Bills of exchange, and financial leasing agreements, in the period of the first quarter of 2020, amount of 74.2 million baht, or 3.1% from the total

year.  Financial Cost   Most of financial cost resulted from loan interest on loans borrowed to develop projects, which are capitalized as development costs for the projects until construction completion

interest paid from loans agreement but there was interest expense from lease agreement amount to Baht 0.24 million. Since 1 January 2020, the Company has adopted the Accounting Standards – IFRS 16 “Leases

reduction and long-term loans repayment. As a result, cost of goods sold and expenses on six-month and 2nd quarter of 2020 decreased 0.65 and 8.34 percent from the same period of last year. 3. Profit

baht, or 0.2% from the total revenue, an increase of 1.6 million baht, or 44.2%, compared on the same period from last year. Mainly from interest income of loans to joint venture which correspond to the

2019. An additional finance cost of Baht 16.4 million or 326.2% was increased when compared to the same period last year incurred from interest payment for short-term and long-term loans that the Company

325.55 million baht from the previous year. 1.3 Ramkhamhaeng has profit from reverse the entry Allowance for doubtful accounts Loans receivable and Accrued Interest receivable in the amount of 1.20 million