beginning stage launching new products into the market which requires high spending. However, the increase in costs is mainly due to investments to build the foundation for future business growth, while some
throughout 2020 as the pandemic impact arose since beginning of the year and the new phase of outbreak re-emerged in late 4Q. Mobile business had been pressured by sluggish economy amidst market competition
of the year 2018 was at 55,425 trips/ day representing an increase by 21. 3 percent when compared to the same quarter of the previous year. For the First Stage Expressway (FES) and the Second Stage
last year. This reduction is mainly due to a slowdown in ERP business and a delay in booking revenue until a certan milestone has been achieved during the implementation stage. T.662 636 6999 F.662 646
at 53,400 trips/ day representing an increase by 12.2 percent when compared to the same quarter of the previous year. For the First Stage Expressway (FES) and the Second Stage Expressway (SES), toll
the development phase of audit regulation, as well as thematic inspections suitable for countries with more established audit oversight programmes.Comments on the goal of 25% reduction: Mr Kenneth Yap
segment. Moreover, the production cost of painting segment was higher owing to production efficiency and quality cost during the early stage of new model mass production. There was also the modification
, mainly from loan to support new energy projects of the Company. The year of 2018 needs to be evaluated as the early stage into the transition of the company to new sustainable business. To enhance its
Fax. 0 2695 9495 Finance and Accounting Division Tel. 0 2695 9499 Ext. 9421, 9449 In 2019, it needs to be evaluated as the early stage into the transition of the Company to new sustainable business. To
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 deduct them as expenses for up to five years