decreased Baht 78.77 million. 2. Inventories decreased Baht 822.68 million, derived mostly from decrease in goods in transit at December 31, 2018 which was imported according to purchase orders and already
is a holding company, which engages in OOH media business in various segments, including Transit, Office and Aviation in Malaysia and Indonesia. INDONESIA In April 2019, the red line (North-South) of
the TV sector and traditional media have been in decline and is expected to be surpassed by OOH media (Outdoor, Transit and In- store media) and digital/online spending in the near future. Master Ad
has the exclusive rights to install and manage 188 advertising panels under 23 BTS stations from Bangkok Mass Transit System Public Company Limited and (2) advertising under flyovers in which the
expenses in the 2nd quarter 2020 decreased by 2.72 million baht from the same period last year. Due to the reduced shipping cost due to the oil price, Long-term lease payments which have been adjusted to
purchase order for slit of steel. In addition, the Company recognized more inventory in-transit which not made a payment in abroad trade payables. Non-Current Liabilities The Company’s non-current
goods in transit as of December 31, 2018 which was imported according to purchase orders and delivered to customer in January 2019. Total Liabilities was Baht 1,860.04 million, decreased Baht 868.59
1,002.80 million consisted of; 1. Trade and other receivable decreased Baht 138.67 million. 2. Inventories decreased Baht 828.53 million, mostly from goods in transit as of December 31, 2018 which was
materials. Increased in inventories of THB 45.76 million, mainly due to goods in transit for THB 22.58 million. Increase of right-of-use assets (ROU) for THB 302.57 million which is acknowledged for lease
improvement in shipping costs and adjustment of commission policy which was adjusted to pay at lower rate than last year. 8. Administrative expenses In 2018, administrative expenses increased by Baht 20. 0