reversed allowance for doubtful accounts amounting to Baht 15 million due to the Company received partial payment of advances for share subscription from Khun Pornpan. For year 2019, the Company received the

Company received partial payment of advances for share subscription from Khun Pornpan, as a result the allowance for doubtful account decreased when compared with prior year. Gain (loss) on Exchange Rate

3.1% year-on-year. • Advances and deposits received from customers of Baht 2,482 million or 13.5% of total liabilities decreased by 18.6% year-on-year. The main liabilities are accounted for 93.2% of

Baht) As at 31 December Short-term loan from related parties 1,269 1,506 (19%) Short-term loan from other parties 107 107 (0%) Loan from shareholder 4 4 Advances received from customers 43 203 (377

for the repayment from the creditor. • Short-term loan from related parties decreased Baht 34 million. • Advances received from customers increased Baht 65 million. • Accrued interest expenses increased

trade account payable at amount of Baht 8.99 million, an increase in advances received at amount if Baht 25.33 million and increase in loan from the financial institute of Baht 354.97 million due to the

other payables. These were done as preparations for coming future developments. The Group were also able to collect deposits and advances received from customers from the current 35 available projects

exchange. These were done as preparations for coming future developments. The Group were also able to collect deposits and advances received from customers from the current 32 available projects open for

receivables, (iii) increase in deposit and advances received, (iv) an increase in trade and other payables being partially offset by (v) an increase on other current assets, (vi) a decrease in other current

140 million or an increase of 2% compared to the total assets as at 31 December 2019, amounting to Baht 7,617 million. The increase was mainly from advances payment for goods and rights-of-use assets