354,032 38,198 10.8 Selling and distribution expenses 104,588 106,427 (1,839) (1.7) 95,785 93,788 1,997 2.1 Administrative expenses 180,753 174,720 6,033 3.5 131,619 123,826 7,793 6.3 Loss on impairment of

Income 91.2 65.3 25.9 39.7 Cost of equipment for lease 170.5 132.7 37.8 28.5 Selling and distribution expenses 337.0 270.5 66.5 24.6 Impairment loss on financial assets (29.0) 96.7 (125.7) (130.0) Fair

other risk factors including drought, the hefty household debt, delays in FY2020 budget disbursement, and the changing business landscape due to digital disruption. Under these circumstances, KBank

rendering of services, decreased percentage of selling and distribution expenses to operating revenue, and tax benefits from the Board of Investment of Thailand (BOI).  Operating revenue continued to show

in investment in Carnival Magic Project from the investment budget that the Board of Directors No. 5/2019. On March 15, 2019, the approved amount of 5,436 million baht was 5,568 million baht, an

fee 45,000,000 Baht. The lessor allows the Company to operate or construct the project for 18 months without cost. 4.2 The budget for design and construction of community mall project is worth

fee of more than THB 17 millions. This is a lot higher than the budget as well as the THB 8.8 millions fee proposed by Cherdchaiwon. Thus, the transaction amount with Cherdchaiwon is considered to be

higher than estimated budget. (4) Gross profit The Company and its subsidiaries’ gross profit was of Baht 0.31 million, decreased by Baht 31.32 million or more than 99.03% from the period of previous year

addition, for such a delayed project, the company also had a decrease of the project’s budget (13.55) million baht. It was since the company had a necessary to complete such a delayed project on time. That

decreasing due to the impact of COVID-19 outbreak, such preventive measures of social distancing and curfew. It caused the Group had to improve budget costs control in some projects. Such as increased costs of