’ Equity As of 31 March 2020, the shareholders’ equity of the Company decreased by Baht 5 million or 0.02% decrease from the end of 2019 (as of 31 December 2019) since the Company recorded a net profit for

expenses decreased from prior year by Baht 2 million mainly from sold investment in S.Thana Media Company Limited. In Q1’2019, S.Than Media Company Limited gained from operation and recorded income tax

111.5 million Baht which was higher than the same period last year 426.0% due to the reduction of rental cost from the adoption of TFRS16. The Company recorded a gain in from fair vale adjustment for

. Water Supply Investment Project for Chiang Mai Municipality : It is the Build Own and Operate (BOO) one with asset value during construction period as ended 31 March 2020 of Baht 108.06 million (recorded

considering the level of provisions taking into account the prolonged uncertainties from the COVID-19 and recorded total expected credit loss amount for 1Q21 at Baht 1,234 million. The Bank placed importance on

structure + (-) 3 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1-2020 The Group recorded THB 257.35 million of total revenue in Q1-2020, decreased by 27.26% comparing to THB 353.79 million of the same period

the withdrawn money, to be printed on the fund books of other clients and had the bank’s seal stamped on the fund books or recorded in investment unit purchase transactions on fund books and

such indebtedness amount could not be recorded as liabilities in the financial statement in line with the applicable accounting standards.  It was also found that there was evidence that certain

measure must be provided and recorded in the minutes of the board of directors? meeting.The existing guidelines for disclosure of information in the Annual Report and the Annual Registration Statement (Form

Advertising Association Thailand (DAAT) recorded THB 9,477mn of advertising expenditures in 2016 and it is expected to grow by 24% in 2017 mainly driven by the acceleration of internet access and the ubiquity