administrative expenses in accordance with financial reporting standards. The administrative expenses from the Company are slightly decreased Baht 2.1 million or decreased 1.7 percent due to loss on exchanged rate
million, a decrease of Baht 9.63 million or down by 6.04% due to the lower depreciation expense, which included the impact of adopting the Financial Reporting Standard No.16, as well as the lower utility
right of use following adoption of the Thai Financial Reporting Standards: TFRS 16 on Leases, which added to the land lease amount from the previous year. In Quarter 3 of 2020, SAAM Group’s gross profit
license or securities business licenses in the following categories and is regarded as a Non-Publicly Accountable Entities, according to the Federation of Accounting Professions’ financial reporting
were negative in the first 3 months of 2020 was due to an adjustment according to the financial reporting standard no. 9 – financial instruments, however, if considering separate financial information
29.23 million. 3. Property, plant and equipment increased Baht 84.50 million, mostly from the adoption of new financial reporting standards, TFRS 16 Leases, by recognized Right-of-use assets. Total
Financial Reporting Standards No. 16 on leases, which caused an increase in fixed assets (land, buildings and equipment) as at 1 January 2020 by THB 41.66 million. Moreover, in the first 6-month period of
million. 5. Recoded asset usage right in first quarter of 2020 at amount of Baht 131.03 million (according to Thai Financial Reporting Standards TFRS 16 "Leases") Liabilities As at June 30, 2020, the