Following the discussion with TFAC on 13 March 2020, SEC submitted a letter to TFAC on 17 March 2020 to propose an issuance of accounting guidelines in response to the COVID-19 situation that

both accounting periods, as the financial statements were not in conformity with the generally accepted accounting standards in these following items:1.  YNP?s records on the allowance for doubtful

. Approved the Statement of financial position and statements of comprehensive income for the 2nd quarter ended June30,2018. 4. Approved to purchase and sell machinery between Subsidiary company ,River Kwai Co

obtain insufficient evidences concerning purchasing of machinery and other items as well as non-compliance with generally accepted accounting principles concerning disclosure in the notes to financial

was 1.19 million Baht. The change of net profit increased, accounting for 131.26%, which exceeds 20% compared to the same period of the previous year where the loss was 3.80 million Baht. However, the

to obtain sufficient evidences on the purchase of USD 7.2 million machinery according to the agreement where the company has paid the USD 3.6 million deposit, or an equivalent of 122.95 million baht

8 บริษัท จี สตีล จํากัด (มหาชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2020 1. Operating Result Highlights 2. Changes in Accounting Estimates In

) 14,986 19,891 Unit: million Baht 30 June 2020 31 December 2019 Fi na nc ia l St at us Total Liabilities 2,406 2,194 Total Asset 15,195 15,488 Total Equity 12,789 13,294 2. Changes in Accounting Estimates

continued to grow at 25% YoY. This was impacted by financial statement adjustment in accordance with new Thai accounting standards. According to the previous accounting standards, Q3/2019 total sales would

. Cost and selling and administrative expenses in 2016 decreased by 74 million Baht compared to the previous year. The main reason was the decrease of cost on raw material and machinery maintenance