) to total loans at the end of 2018 remained unchanged at 2.9 percent. However, the level of capital reserves and loan loss reserves remained high and adequate to absorb future loan losses in the banking

for doubtful accounts in amount of THB 35.36 million, slightly increased from THB 34.41 million in 2017. The allowance for doubtful accounts was at acceptable level of 3.68% of total trade receivables

allowance for doubtful accounts was at acceptable level of 3.95% of total trade receivables. The average collection period of the Company and its subsidiaries was 19 days in 2019, decreased from 21 days in

Total Shareholders’ Equity 9,443.25 63.06 10,779.09 66.70 12,160.98 70.03 Total Liabilities and Shareholders’ Equity 14,976.32 100.00 16,160.33 100.00 17,365.56 100.00 Comprehensive Income Statements of

channel has expanded significantly, as well as effective cost management has resulted in maintaining profit margin at a good level. (2) Analysis of Operating Results and Profitability (2.1) Revenues from

zones, CPN can attain an optimum level of operating cost for its food and beverages. Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) Page 6 of 12 Cost of hotel

be Baht 446.70 million or an increase of 33.26 percent, due to expansion of distribution channels and effective cost management having resulted in maintaining profit margin at a good level. (2

confidence coupled with the already high household debt level. Nevertheless, the non-durable goods increased partly from the rush in purchase of consumers goods due to the concerns on the COVID-19 outbreak

THB 274.40 million. Shareholders’ Equity As at June 30, 2020, the consolidated shareholders’ equity in amount of THB 13,904.03 million, an increase of THB 288.99 million or 2.12% up from December 31

the new TFRS 16 – Lease of THB 7,416 million and increase in long- term loans. Shareholders’ Equity As of 30 June 2020, Shareholders’ Equity of THB 4,665 million, decreased by THB 1,240 million or 21.0