Resources CONTENTS Executive Summary 03 Statement of Income 07 Business Performance 09 Statement of Financial Position 21 Statement of Cash Flows 23 Financial Ratios 24 Environment Management Accounting 26 3

investment of mutual fund, private fund or derivatives investment management; “investment management assistant” means a person who performs the duty of assisting decision making to invest or trade capital

driven by global trade recovery and well-performing trading partners’ economies. Also, tourism sector robustly expanded, reflected from an increasing number of international tourist arrivals especially

closely with our customers to demonstrate the added value.” 2. Outlook A more challenging external environment, owing to continued trade tensions, impacted negatively on the economy in the second quarter

85.60 million). Management Discussion and Analysis For the 1 st Quarter Ended 31 March, 2018 Page 5 3. Analysis of Statements of Financial Position 3.1 Analysis of Assets As at March 31, 2018, the total

impressive 4.8% growth. Central bank forecasts for the full year are around 4.5% and with inflation only just breaking into the 1-4% target band (1.2% in Q2) coupled with uncertainty around global trade the

remain externally with the continued US-China trade relationship a risk. After a record sugar season which exceeded expectations both in size and length the 2018/19 season is again expected to be strong

and Administrative Expenses For the 6-month Period 5 | MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2-2020 FINANCIAL POSITION Assets As of June 30, 2020, total assets on consolidated basis amounted to THB

Page 1 from 5 Management Discussion and Analysis Performance for Quarter 3/2020 WICE Logistics Public Company Limited Performance Unit : million baht Statement of financial position Q3/2020 Q3/2019

support of investment and private spending as well as bolstering opportunities for other economic sectors. Nonetheless, protectionism triggered by the US-China trade dispute dealt a blow to global economic