Microsoft Word - Selling machinery in related company Our Ref: CEO 020/2018 9 November 2018 Subject Selling machinery in related company Attn. To President of the Stock Exchange of Thailand AgriPure
. However, export branded sales continued to grow from sales recognition of Long Quan Safe Food JSC (LQSF) in Vietnam. In Q3/2018, the Company and its subsidiary recorded loss of Baht 124 million, mainly
significantly at 120% YoY from sales recognition of Long Quan Safe Food JSC (LQSF) in Vietnam. If excluding LQSF, export branded sales still increased 31% YoY. If according to the former accounting standards, in
to grow at 3% YoY from sales recognition of new and some existing products. This was impacted by financial statement adjustment in accordance with new Thai accounting standards. According to the
and administrative expenses; 3) higher finance costs due to investments in machinery, and joint ventures in Thailand and overseas; 4) higher depreciation of investments in machinery and 5) non-cash, one
mainly due to LQSF’s assets recognition of Baht 269 million whose major assets were Property, plant and equipment of Baht 189 million. In addition, the Company recognized goodwill from acquiring LQSF of
, there is no demand for new installation. 2. Construction service income for the year sharply increased 207.40 Million Baht, accounting for 59.80% from previous year as the revenue recognition on progress
,390 million as at 31 December 2017. This was mainly due to LQSF’s assets recognition of Baht 267 million whose major assets were Property, plant and equipment of Baht 167 million, and inventories of
from additional investment in machinery to improve production efficiency, reduce production cost, and prepare for increased level of production; 3) lower sales proportion in Branded domestic sales which