(loss) for the year (from the separate financial statements) Baht (380.99) million Baht 470.09 million 3. Management Discussion and Analysis 3.1 Revenue from construction in 2019, has decreased by Baht

Increase (decrease) Separate financial statement TOTAL ASSET 1,201.81 1,221.65 (19.84 ) (1.62%) TOTAL LIABILITIES 799.92 721.36 78.56 10.89% TOTAL SHAREHOLDER EQUITY 401.89 500.29 (98.40) (19.67%) At the

of the Company (from the consolidated financial statements) Baht (39.08) million Baht 313.38 million Profit (loss) for three months (from the separate financial statements) Baht (25.26) million Baht

administrative expenses represented 45% of total revenues. Considering the Company’s separate financial statement, the operating and administrative expenses as a percentage of revenues represented 43% in the first

) (name of the NRI CIS) Legal entity refers to the legal form of Thai CIS. CIS in Thailand is set up as a legal entity separate from the CIS Operator. In short, after obtaining approval from the SEC

CIS. CIS in Thailand is set up as a legal entity separate from the CIS Operator. In short, after obtaining approval from the SEC Thailand to set up a mutual fund and offer investment units to investors

management that should be applied by each intermediary and for determining a clear detail of practical approaches suitable for size and complexity of business operation of companies. In addition, the

clear detail of practical approaches suitable for size and complexity of business operation of companies. In addition, the intermediaries should study standards and practice guidelines for business

apparently inconsistent with the client's financial records and no clear justification is given by the client concerning the source of fund; (6) transactions that are not economically viable e.g. client

amount in terms of size/volume is transacted, which is apparently inconsistent with the client's financial records and no clear justification is given by the client concerning the source of fund; (6