2.61 million yoy. This was due to the drawdown of THB 300 million bank loans for subsidiary share acquisition in 2Q’18 and THB 20 million for acquisition of land by subsidiary in 1Q’19. At present, THB
operations. IVL who has management control of IRSL can leverage its global relationship to provide the required credit support in the present crisis. Moreover, in providing such financial support, IVL will
equivalents declined mainly due a large swing in receivables and prepayments as customers who paid in advance for machinery in 2016 are not present in 2017. The value of inventory also declined contributing to
Section 109 Securities and Exchange Act B.E. 2535 Section 109. The Office may require any securities company to submit any report or present any document for any period or from time to time as
from hospitality business, commercial business and other businesses. Hospitality Business At present, all hospitality business of the Company was under the management of SHR, the Company’s subsidiary
represents revenue from hospitality business, commercial business and other businesses. Hospitality Business At present, all hospitality business of the Company was under the management of SHR, the Company’s
availability of financing at present. AH also benefits from geographical diversification as evidenced by our continued outperformance vs. Thailand auto industry. Lastly and most importantly, our financial health
recognized as ‘right-of-use’ and ‘ lease liability’ at the present value of lease payment over the remaining lease term. The leases including tower lease agreement, site rental, office & shop building rental
increase liquidity and enhance operating result of the Company as the Company's group can leverage existing resources, as well as expertise and experiences of the Company’s executives and personnel for
the two languages, the Thai version shall prevail. The objective of this MD&A is to present the information and the explanation of financial status and operating results as of the date hereof. However