Refinancing In May 2019, solar projects in Thailand namely, Solarwa Project and TPS Commercial Project completed Baht 2.2 billion debt refinancing to another financial institution with tenors of 14 years and

changes, whereby urban population nowadays tend to spend more time outside their homes; the rapid increase of the number of Internet users; and the growing recognition of these media as effective

Financial Reporting Standard No. 15 (Revised) : Revenue from Contracts with Customers, effective 1 January 2019 has impacted on the Company and its subsidiaries’ financial statement as follows : o Brand

shrinkage and obsolescence and bad debt, which decreased by THB 46 million and THB 293 million respectively, which we attribute to improved inventory management, and the decrease of administrative cost which

564 million, increased by THB 196 million or 53.1%, representing the effective corporate income tax rate of 18.6% down from the ratio of 27.7% mainly due to the higher income tax expenses from better

year on year to THB 83mn (THB 51mn in the previous year). Hence, our effective tax rate at consolidated level this quarter stood at 27% - higher than usual corporate tax rate of 20%. Bolstered by the

Standard No. 15 (Revised) : Revenue from Contracts with Customers, effective 1 January 2019 has impacted on the Company and its subsidiaries’ financial statement as follows : o Brand : Adjusting some

Reporting Standard No. 15 (Revised) : Revenue from Contracts with Customers, effective 1 January 2019 has impacted on the Company and its subsidiaries’ financial statement as follows : o Brand : Adjusting

MRTA is fully responsible for both loan repayment and interest expense in accordance to the concession agreement) to financial liabilities which measured at amortized cost with effective interest rate

decrease was driven by the COVID-19 pandemic and an increase in employee benefit according to the new labour protection act effective in 2Q19. However, the Company had the positive impact on EBITDA of Baht