administrative expenses 302.8 million Baht, increased by 91.8 million Baht or 43.5%. Most of administrative expenses increase is the employee remuneration, depreciation and advisory fee. The Company’s

trade receivables and other receivables of Baht 135.67 million. Most of them were the trade receivables gained from the government authority clients. Total Liabilities As ended December 31, 2018, the

11% Y-o-Y (Table 4), due partly to the WLTP issue, which resulted in lower orders from automotive suppliers, as most suppliers shifted their priority to stock management. In 1Q19, consignment stock

similar to the amount of the same quarter of last year and most of them were the fixed expenses to be paid whereas having low income. Finance Cost The finance cost of the company and subsidiaries was Baht

14 million for Q1’ 2017. This is in line with the higher revenue from telecommunication projects. Gross profit margin for Q1’ 2018 is decreased from 24% to 14% since most projects have

(0.24) million due to most customers in the government sector changing their bidding process to E-bidding which has lower cost and expense. (Unit : Million Baht) 2018 2017 Change % Change Revenue from

PLUS SECURITIES COMPANY LIMITED. Therefore, most of the company’s assets were used as the guarantee for the loans with the financial institutes. The company’s assets have the higher value than the given

fact that GWM only recently operates and only able to distribute hemodialysis solution during mid-year 2017 where most of the cost came from plant construction. This year shows small deficit which is

GDP meanwhile income and wages did not exhibit high growth rates. However, most of retailer concerned about that and recognized that the consumers concentrated on conservative spending by limited only

Transaction The Board of Directors has considered and viewed that the transaction is reasonable and most beneficial to the Company and its shareholders. 9. Opinion of the Audit Committee and/or the Directors