currencies) in accordance with the standard financial report no. 9 financial reporting standards related to financial instruments, amount 7.2 million Bahts. 2 /2 ( ) Union Textile Industries Public Company

timely manner. Impact from Changes in Accounting Policy From 1 January 2020, the Group has adopted Thai Financial Reporting Standard - Financial instruments group and Thai Financial Reporting Standard No

or 33.09% because of the record of expected credit losses from trade accounts receivable by the Thai Financial Reporting Standard 9 (TFRS9) “Financial Instrument”. Net profit (Loss) Company’s operation

From 1 January 2020, the Group has adopted Thai Financial Reporting Standard - Financial instruments group and Thai Financial Reporting Standard No.16 - Leases which impacted to the financial statement

requirement of the Thai Financial Reporting Standard No.9 Financial Instruments (TFRS9) was 95 million baht and management overlay was 45 million baht. As of the end of the first quarter of 2020, the Company

13.25 million. The Company has already set an allowance for loss of such bad debt. However, the Company has adopted the Thai Financial Reporting Standard - Group of Financial Instruments (TFRS 9) which

Other Non-current Financial Assets in accordance with the Financial Reporting Standard TFRS 9, Financial Instruments.  Liabilities increased by 62.60 million Bahts, from Deferred Tax liabilities which

1.67 million baht or 72.88 %. The reason is due to the recognition of loss from Adjustment of investment value in accordance with financial reporting standards Financial Instrument Group Causing the

were negative in the first 3 months of 2020 was due to an adjustment according to the financial reporting standard no. 9 – financial instruments, however, if considering separate financial information

financial aspect with the current cash, cooperation amongst employees, business partners and financial institutions, and the availability of banking facilities if needed. Adoption of new financial reporting