market conditions. Administrative Expenses Administrative expenses mainly comprise of back office personnel expenses, depreciation on assets under hospitality business, non-operating activity expenses, e.g

percent. The Company’s expenses increased by 8 million baht consists of warehouse rental and services 2 million Baht, in line with the sales increased, personnel expenses and staff expenses such as salary

respectively. The major expenses are mainly in area of personnel costs due to salary normally increased year by year and other administrative expenses. The higher administration expenses in 1st half ended 30th

always focuses on personnel development to ensure that our employees gain knowledge and understanding of the overall industry picture vis-à-vis customers’ businesses. Equipped with in-depth knowledge on

personnel.  Affluent KBank continued to place our focus on becoming our Customers’ Main Bank. We prioritized portfolio quality improvement in a comprehensive manner via collaboration of relevant divisions

expenses of Baht 41.44 million and Baht 60.51 million respectively. The main reason is increased from personnel expense and reversal of expected credit loss amounting Baht 22.44 million. The Company and

compared to the same period of last year which incurred the administration expenses of Baht 20.10 million and Baht 80.60 million respectively. The main reason is increased from personnel expense and reversal

million from bonus estimates, and an increase in personnel in the management department to make the company more efficient. In addition, employee welfare costs have increased because the company Has group

to the same period last year. This accounted for 7. 13% of total revenue, which was primarily due to the following factors: The increase in personnel for both management and sales staff in the

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...