Company and its subsidiaries and allowance doubtful account increased by Baht 9 million and employee benefits for employees who have worked with the Company 20 years or more to receive compensation not less
, employee and management benefits, office rental, travel expenses, and professional fees. The increase in administrative expenses is mainly due to increase in allowance for impairment of power plant under
previous year. This is due to the increase in administrative expenses which are doubtful accounts and long-term employee benefits. Finance cost The financial cost for 2019 amounted to Baht 102 million, a
million from employee retirement benefits in Q1/2019. 5. Administrative Expenses* Unit: THB Million, % Administrative Expenses Percentage to Operating Revenue 1,145.0 1,195.8 2018 2019 9.8% 12.7% 11.5% 11.9
million according to Labor Protection Laws as TAS no.19 on employee benefits. 2.3 Shareholders’ Equity As at December 31, 2019, total shareholders’ equity was of Bt7,863.8 million, increased from December
, an increase of 51.0% YoY, represented 18.7% of total revenues from core business, increasing from 18.3% in last period due to effective cost management and tax benefits. Financial Position Statement of
Payable 17.47 - 17.47 Accrued Expenses 0.04 - 0.04 Other Current Liabilities 1.59 - 1.59 Employee benefits obligation 1.07 - 1.07 Deferred tax liabilities - 2.14 2.14 On 1st July 2016, Thai Flexible Pack Co
total consideration of 2nd Portion will be based on the actual performance. 6) Value of the Asset Acquired The assets acquired are 80,000 ordinary shares of UWT, at a par value of HK$ 10.00. 7) Benefits
Income Tax, while the non- current liabilities are slightly increased from the last year due to the employees benefits encumbrance. The Company’s shareholder equity is decreased in the amount of THB 81
. This transaction of the disposition of such shares would be beneficial to both the Company and Planet in making the management more sufficiency and providing business and commercial benefits. This is