estimating the provision for credit loss. Meanwhile, the Bank has considered additional potential factors from the Covid-19 pandemic affecting the Thai and global economy. The uncontrollable pandemic and the

. dollar at the ending of each financial statement period; and • Non-recurring expenses of Baht 373 million, primarily due to a related cost of bond issuance of ABP3, ABPR1 and ABPR2, a provision of

million. Insurance compensation for the damages from typhoons in Japan of THB 104 million, and recorded profit from the provision of working capital settlement following the share disposal in Nido

brands and new products launches, together with the impact of additional provision for retirement benefits at the amount of THB 96.8 million recorded in Q2’19 to reflect severance payment of 400 days of

million which was due to net loss on foreign exchange, loss on disposal of assets, and one-time increase in provision for retirement benefits. Central Retail Corporation Public Company Limited Page 7

phasing of advertising and promotion activities implemented to support growth of existing brands and new products launches domestically and internationally, together with the impact of additional provision

there were provision for assets of subsidiaries set up in 2018 amounting to Baht 28.9 million and reversed loss of impairment of land amounting to Baht 16.2 million. No significant change in

provision for employee benefits increased Baht 0.1 million.  Administrative expenses The Group’s administrative expenses were 181 million Baht, increase of 6 million Baht from the previous year, or 3.5

Loan from financial institutions Baht 1,765 million and Provision for Liabilities from the water business amounted Baht 340.5 million. Shareholders’ Equity As of 31 December 2019, Total Shareholders

provision (284) (584) (525) 85% -10% Depreciation (96) (111) (110) 15% -0.9% Operating profit 9,436 8,279 10,327 9.4% 25% Net foreign exchange gain (loss) 25 6 150 496% 2395% Other income (expense) 117 114