– Thai, Maldives, Mauritius, Fiji, and United Kingdom. Hospitality business generated THB 2,638m in 9M19 or 66% increased from 9M18. For 3Q19, the Company recorded such revenue at THB 885m or 1% increase
respectively. This is the result of the decline of long credit term branded business. At the same time, the company and its subsidiaries recorded allowance for doubtful accounts totaling 62 million baht due to
investment in available-for-sale securities, which consistent with the investment proportion and the purpose of the Company investment. The Company recorded gain on fair value adjustment of investment due to
: Management Discussion and Analysis For the years ended 31 December 2019 Summary of Performance Sales Revenue For the years ended 31 December 2018 and 2019, the Company recorded total sales revenue of THB
debt and doubtful accounts was 1,200 million baht, decreasing by 12% from the previous quarter. - Finance Cost In the fiscal year 2016, the Company’s finance cost recorded at 2,110 million baht, a
of last year when the Company and its subsidiaries had a provision for doubtful accounts. Beside, company and its subsidiaries recorded the profit sharing to non-controlling interest in a subsidiary by
support the increase in number of new branches. Moreover, the Company had increased expenses in the first half of 2017 from the same period last year as follows. In February 2017, the Company recorded the
quarter of the year 2017, the Company had the interest cost from SOE construction loans, which were all recorded as interest expenses in the income statement after the opening but were partially recorded as
or 35.92%. This was mainly due to the increase in the number of office employees to support the branch expansion plan. Moreover, in February 2017, the Company recorded the expense for the annual staff
amounted to Baht 67 Million was from the increase in interest cost from SOE construction loans, which were all recorded as interest expenses in the income statement once operated but were partially recorded