of 2017, or up to 39.97%. Total operating expenses were included employee benefit expenses, fee and service expenses, financial costs and other expenses.

employee cost and the additional post- employment benefit expenses from the new labour protection act effective in May 2019. Depreciation and amortization expenses were Baht 86 million in 3Q19, decreased by

employee cost and the additional post- employment benefit expenses from the new labour protection act effective in May 2019. Depreciation and amortization expenses were Baht 86 million in 3Q19, decreased by

portion 11,190.4 11,252.4 (62.0) 17 ASIA’S BOUTIQUE AIRLINE As at March 31, 2020 As at December 31, 2019 Variance Employee benefits 975.1 956.6 18.5 Deferred tax liabilities 3,179.0 5,060.0 (1,881.0) Other

, increasing +4.6%YoY due to increase in bad debt provision from NBTC credit term expansion policy, and –19%QoQ due to employee remuneration in 4Q19. Net FX loss was Bt422mn in 1Q20, turned negative, compared to

this regard, there shall be no more than 10% of total votes of shareholders who attend the meeting and vote against such offering. 3 This means the offer for sale of shares under the employee stock

entrusted to sell or redeem investment units, as the case may be, of mutual fund; “Staff” means any staff and employee of the management company and shall include managing director or equivalent which is

documents or evidence related to the commission of offences under the provisions of this Emergency Decree for the purpose of inspection or taking legal action; (4) order a director, officer, employee or

commission of offences under the provisions of this Emergency Decree for the purpose of inspection or taking legal action; (4) order a director, officer, employee or auditor of the special purpose juristic

investment returns for clients, including through adopting of a Statement of Corporate Values. 2.1.3 Employing knowledgeable and capable staff and implementing an employee compen- sation architecture