continues driving our revenue growth amidst the uncertainty in all business segments but faced challenges in the bottom line due to an impact from the increased cost. AIS takes efforts in executing cost

nature of the mutual fund’s utilization of its assets may cause uncertainty to the amount of its earnings, a warning that unitholders’ benefits or returns may be significantly affected, etc.; (3) a warning

(Internal) 4 I. INTRODUCTION (CONT.) Real economy: • Market failure: • E.g. financial constraints, uncertainty, dynamic externality. • Then, in capital investment (CAPEX), e.g. R&D expenditures (Choi & Lee

uncertainty, the alternative combinations are the possible outcomes of a random process. If each possible outcome is itself a single variable such as a level of wealth or income, and if the agent assigns a

with high uncertainty. Therefore, the audit quality will vary in relation to this AQI. (3) Staff per partner ratio is between 4 to 33 (the mean is approximately 14), and staff per manager ratio is

freight to decline. Jet (Kerosene) and Dubai crack spread (IK/DB) declined by 12.21 $/BBL compared to the average of 12.19 $/BBL in Q2/ 2 0 1 9 . This is due to pressure from the airline industry which was

the deferred tax benefits as much as possible within 2020. However, the Company evaluates that there is the remaining uncertainty about the future utilization of the related benefit because they relate

foreign country, there shall be consideration on change or uncertainty regarding economic, political, social and legal issues of the foreign country as well as the complexity in business continuity

, there shall be consideration on change or uncertainty regarding economic, political, social and legal issues of the foreign country as well as the complexity in business continuity management of the

-manage cost control To ensure healthy cash flow and preserve profitability amidst uncertainty in 2021, AIS’ approach to optimize cost focuses on digitalization, efficiencies and prioritization. We expect