’ requirements. The Company and its subsidiaries therefore sold scrap and recorded as the other income. 1.3 Cost of goods sold Majority of cost of goods sold are cost of raw material are cold rolled stainless

Ended 30 September 2017 2018 THB mm % THB mm % THB mm % Raw material and packaging 119.21 85.73 77.35 79.17 (41.86) (35.11) Labor costs 12.28 8.83 8.99 9.20 (3.29) (26.79) Depreciation costs 3.76 2.70

manufacture, particularly energy drinks in both bottle and can formats, delivered an improving gross margin quarter by quarter as a result of lower costs of key raw material and packaging items, as well as

importance for Golden Lime: the limestone quarry operated by TMC has already been one of the raw material suppliers in the past, but Golden Lime Public Company Limited 3 MANAGEMENT DISCUSSION AND ANALYSIS FOR

raw material in stock and impairment of raw material. • Disposal asset group classified as held for sales decreased from THB 1,136.81 million as at December 31, 2019 to THB 902.31 million as at Q2-2020

labor cost and raw materials since the 2nd quarter of this year. Even though this resulted in the Company had the production cost and the cost of goods sold increased, but this policy would finally help

0.47 million 2. Gross Profit and Gross Profit Margin: (Unit: THB Million) Gross profit = Total Operating Revenue – Cost of Sales Cost of sales mainly consists of cost of raw materials, packages, supplies

due to time lag in price adjustment from rising raw material prices of Portugal operations in the first half of 2022. However, raw material prices started to normalize in Q3 2022 while http

sustainable returns to the Company and shareholders. CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2019 2018 Employee benefits expense 97.87 113.61 Provisions for employee benefit expense

the sales income of 50.10MB from the divestment of Padaeng Industry (Laos) Co., Ltd., the company’s subsidiary. The H1 2017 selling and administrative expenses increased mainly from provisions for