. Management Discussion and Analysis (MD&A) for 2019 Page 5/5 Looking Forward In 2019, the Company was able to generate revenue from business expansion quite well, which could be achieved according to the target
tourists. Nevertheless, going forward, if government’s stimulus measures in investment, tourism and consumption successfully implement. The impact would positively support overall economy. (Source : SCB EIC
one-time tax loss carry forward incurred under our hardline segment in the year ended December 31, 2017. 10. Total adjustment to earnings, pre-tax was THB 3,072 million for the year ended December 31
ventures 71.7 102.6 (30.9) (30.1)% Property, plant and equipment 109.4 128.6 (19.2) (14.9)% Equipment for Lease 97.6 149.3 (51.7) (34.6)% Advance withholding tax 12.8 - 12.8 100.0% Total Assets 4,272.8
1,898 -4% Property, plant and equipment 2,101 2,130 -1% Goodwill 53 55 -2% Investments in joint venture 53 45 +17% Other non-current assets 596 577 +3% Total non-current assets 2,804 2,807 -0% Total
737 12.4% Inventories 546 512 6.7% Other current assets 134 141 (5%) Total current assets 1,608 1,508 6.6% Property, plant and equipment 1,811 1,983 (9%) Goodwill 51 48 6.2% Investments in joint venture
expected useful life of Buildings, Plant Machinery and equipment is according to the Company’s consideration and review of depreciation in the past by collecting and analyzing information related to the
fuel costs have decreased, and our SG&A is significantly down year on year -24% as we focused on reducing costs in order to compensate the challenging market conditions. Going forward we continue to seek
and raw material importation by hedging forward contract from several financial institutions. Industry Overview In 2018, Thailand’s chicken meat export reached an all-time high which equaled to THB
and raw material importation by hedging forward contract from several financial institutions. Industry Overview In 2019, Thailand’s chicken meat export was about 954,010 tons, 6.93% up from 2018 and