analysis for Quarter 1’ 2020 5 / 7 Allowance for Doubtful Debt followed to TFRS 9 Financial Instrument and increased from employee’s salaries base. 3.4 Operating results The Group's net loss was increased
last year as a result of declining global demand from the slow economic growth of trading partners, the protectionist trade policies between the US and China and the down-cycle of electronic products. In
uncertainties surrounding the global economy, such as the trade war, financial stability in China and intensified geopolitical conflicts. The performance of Central Pattana Public Company Limited (“The Company
particular plummeted due to lockdown measures implemented in several countries, including Thailand. Worse, exports contracted as a result of the moribund economies of Thailand’s trade partners. At the same
weaker global demand as a result of slower growth in the number of major trading counterparties, the trade war between US and China, and a decreased global crude oil prices. However, the tourism sector
reversal of losses on inventories devaluation (NRV) THB 1,635 million). And, due to the company recording impairment loss of major trade account receivable, that went into business rehabilitation under the
support of investment and private spending as well as bolstering opportunities for other economic sectors. Nonetheless, protectionism triggered by the US-China trade dispute dealt a blow to global economic
annual income tax payment according to the Revenue Department announcement. On the other hand, trade and other current payables decreased as various business activities were temporarily suspended. Dusit
growth, the inconclusive trade war between the US and China, and concerns on foreign investment as the general election held in March 2019 has yet to reach an outcome. Having considered the above-mentioned