process, incentives or rewards to employees with good performance, and management measures for employees who do not achieve the targets. Such processes are well informed to executives and employees. 4.3 The

employees, and incentives of Project Management and Service Department. The expenses increased in line with the number of employees. In 2019, the number of employees in Project Management and Service

management and service department. Beginning in 2017, the Company has recorded the incentive expenses under personnel expenses. The incentives are paid to the employees of project management department on the

Baht and 15.46 million Baht respectively. The expenses were comprised of the salaries, bonuses, related expenses of the employees, and incentives of Project Management and Service Department. The

in 2018, the company booked additional accrued bonuses while in the past the company paid compensation to employees only in the form of incentives. Therefore, there were both incentives and accrued

to 26.69% of the total number of investment units issued and sold of CPNRF). In addition, the tax incentive of CPNRF unitholders for the personal income tax exemption and the tax incentives of a

operations were also growing, recording 2.9% growth year-on-year. However, China operations decreased slightly by 8.4% due to the expiration of purchase tax incentives for combustion engine cars and subsidies

-off of computer software, (4) deferred tax assets, decreased by THB 1.56 million, as affected by employee benefits and unearned incentives. Management Discussion & Analysis 2022 7 I 9 As of 31 December

year. However, 4th quarter company recognized tax income from BOI incentives that permit to carry forward losses (as in the early stage of first production line operation, company has annual losses) and

incentives of a property fund for exemption of the value added tax, the specific business tax, and the stamp duty due to the conversion of a property fund into a real estate investment trust, as well as the