(13.55 ) (15.40 ) (1.85 ) 12.01% (11.15%) (14.01%) Administrative expenses (46.28 ) (45.78 ) 0.50 (1.09%) (38.08%) (41.66%) Other Expenses 0.00% 0.00% Doubtful accounts (0.86 ) (1.25 ) 0.39 31.20% (0.71

doubtful accounts million baht, the total liabilities was fit of the fourth quarter of % from the same period of the million baht or 2.56%. million baht or 17.01%. The was due to additional of borrowing to

doubtful accounts million baht, the total liabilities was For the Separate financial statements, the Company had net profit of the fourth quarter of % from the same period of the million baht or 2.56

activities concerning annual or consolidated accounts for financial years starting from 1 August 2012: (1) Abu Dhabi (2) Brazil (3) Dubai International Financial Centre (4) Guernsey (5) Indonesia (6) Isle of

) (13.55) 4.24 (31.29%) (20.76%) (11.15%) Adminitretive expenses (43.47) (46.28) (2.81) 6.07% (50.74%) (38.08%) Other expenses Doubful accounts 0.80 (0.86) 1.66 (193.02%) 0.93% (0.71%) Finance costs (16.78

and increase the efficiency of the company and its subsidiaries. In 2020, the impact of TFRS 9 Financial Instruments about Reversal(Doubtful Accounts) is recognized for credit loss amounting to Baht

managed the customer credit during Covid- 19, including monitoring and collecting accounts receivable, resulted in the decrease in allowance for expected credit losses. 3 Management Discussion and Analysis

31, 2020, total assets presented at Baht 3,542.9 million, increased by 9.7%. Current assets were Baht 1,325.4 million, decreased by 1.3% from trade accounts receivable. Non-current assets presented at

(11.60 ) (6.03 ) 5.57 (92.39%) (25.52%) (8.94%) Administrative expenses (24.94 ) (23.09 ) 1.85 (7.99%) (54.85%) (34.22%) Other expenses Doubtful accounts 0.86 (0.57 ) 1.43 (250.53%) 1.89% (0.84%) Finance

million or up 28.82 percent compared to the same period of last year. Increases in such expenses resulted the Company has set aside allowance for doubtful accounts. For debtors who have tracked debt and