125.93 million, mainly due to management expense, employee expenses, utilities and audit fees. Financial Cost (6 months) For quarter 2/2020, the Company’s finance cost is Baht 19.69 million dramatically

administrative expenses for 6 months of 2020 is 207.2 million baht increased 18.9 million baht increased 10% due to the increasing employee compensation from the expansion of debt collection business. Financial

current situation. BAC reduced 30 per cent of total employee BFS Ground reduced 70 per cent of total employee and BFS Cargo reduced 15 per cent of total employee. Management’s Discussion and Analysis

improvement in employee benefit according to Labor Protection Act No.7  Loss on impairment of asset of 149.44 Million Baht as increased this quarter due to loss from impairment of investment on assets in the

income tax liabilities declined of 53.51 Million Baht, more estimated employee benefits of 8.91 Million Baht, more income awaiting for recognition of 25.96 Million Baht and apart from this Ua Withya Public

for employee benefits 5.43 5.06 0.37 7.38 Total non-current liabilities 136.52 139.11 (2.58) (1.86) Total liabilities 1,039.44 993.33 46.11 4.64 Equity Share Capital – Authorized 140.00 140.00

million baht, accrued income tax of 4.04 million baht, liabilities under lease agreements 3.74 million baht and non- revolving provision for employee benefits at 0.47 million baht incorporate with a

, employee and management benefits, office rental, travel expenses, and professional fees. In Quarter 1 of 2020, the decrease in administrative expenses is mainly due to (1) THB 0.59 million decrease in

% 7.97 Employee benefit obligations 4.43 0.26% 4.10 0.26% 0.33 8.05% Other non-current liabilities 7.14 0.42% 11.18 0.71% -4.04 -36.14% Total Non-Current Liabilities 49.38 2.90% 47.64 3.03% 1.74 3.65

million or 23.67% decrease from the same period of the previous year (Quarter 2 of 2019: THB 12.75 million). Administrative expenses mainly include salary, employee and management benefits, office rental