license. In case where the residual period of the first calendar year of license to undertake the business is less than six months, the licensee shall pay half of the fee for business undertaking as

approval shall be Baht 15,000 per application providing that the first installment of Baht 5,000 shall be made to the SEC Office on the date of filing of application and the residual payment of Baht 10,000

, mainly due to the higher export and transportation expenses in accordance with higher sales volume. Moreover, this increase was from higher vehicle depreciation expense as the residual value was reassessed

and transportation expenses in accordance with higher sales volume. Moreover, this increase was from higher vehicle depreciation expense as the residual value was reassessed at the beginning of 2017

higher export and transportation expenses in accordance with higher sales volume. Moreover, this increase was from higher vehicle depreciation expense as the residual value was reassessed at the beginning

that unable to sell at market price and UWC’s subsidiaries have recognition the cost of closing project with residual income from delivery. (3) Expenses Quarter 1-2019 company and its subsidiaries has

residual value of assets and the revenue from fuel tank rental services. 1.2 Expenses 1.2.1 Cost of services In Q1/2019, Cost of services was of Bt387.7 million, increased by Bt9.5 million or 2.5%(y-o-y

result of the License return shall be deducted by the outstanding license fee. The residual compensation, after a deduction of license fee, equals to Baht 675.76 million. 3.2. Calculation of the

investment in last year. The Company maintained healthy financial position and sturdy debt service capacity with interest-bearing debt-to-equity ratio of 0.56 times. 2019 Outlook Company maintains 2019 outlook

backlog was THB 16,745mn, decreasing by 6.9% as compared to the end of 2018 of THB 17,981mn. Although the JVs had sturdy sales in The Line Wongsawang, The Line Ratchathewi and The Line Phahonyothin Park