varied in accordance with the volume sold consist of (1) raw materials and packaging for productions, and (2) purchase costs of 3rd party products for distribution. The variable cost components accounted

of cost of Sales and Services of the Q4–2020 varied in line with the revenue. However, the decreased rate of the cost of Sales and Service was greater than the decreased rate of the revenue especially

Sainsbury’s. (3) Expenses related to sales which has a mixture of fixed cost and variable cost that is varied to the revenue from sales subject to the business plan. The expenses related to the sales were THB

service expenses which have been varied by the increase in fees and service income. Table: Operating Results (Unit: Million Baht) Items Quarter Variance 1/2020 1/2019 Amount (%YoY) Fees and service income

and long-term debt from financial statements as of 30 June 2020 which may be varied from the estimated amount stated in the Sale and Purchase Agreement. Nonetheless, it is expected that such adjustment

convertible bonds obtained an approval to offer for sale under this Notification has specified conversion price and ratio varied to market price of underlying shares and it is necessary to issue new underlying

million, increased by 21.6% when compared to the first quarter of 2019. The increase was due to the increases in fees and service expenses which have been varied by the increase in fees and service income

; as well as having exhibition booths at various exposition events.As for the SPAR convenience store, the brand established more varied sales promotion campaigns e.g. SPAR Aroi-Tua-Thai which brings

million from Q3/2017 varied by the electricity and steam sales volume according to demand of industrial customers. • Shares of profit from Nava Nakorn Electricity Generating Company Limited (NNEG) decreased

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending June 30, 2019 The Thai economy faced increased headwinds in the second quarter of 2019. Exports, tourism and private investment – among major economic activities – were hampered by the worse-than-expected global economic slowdown. Meanwhile, consumers’ purchasing power weakened amid high household debt, whereas public investment and the government’s budget disbursement were aff...