provisions for employee benefits due to the change of severance payment policy following the amended Labor Protection Act. Analysis of Shareholders’ Equity As at 31 December 2019, the shareholders’ equity was
Company, which is accounted for Baht 1,647.83 million and Baht 1,572.51 million, respectively, increased by Baht 75.32 million or 4.79%. This is mainly because of the increased in direct labor and overhead
decreased by Baht 400 million or 19% decrease compared to the same period of 2018. This was mainly due to an increase in employee benefit provision of Baht 46 million, based on the Labor Protection Act (Issue
increase in 2016, resulting in a difference of more than 20 percent of the price of seaweed. Furthermore, in the previous quarter, Labor costs and production costs per unit are still high because the company
. During 9M17, the Company’s gross profit margin is 29.94% which decreased from 32.99% in 9M16. The main cause stemmed from the duplicated cost of labor between the factory at Laem Chabang and the new
retirement benefit according to the Labor Protection Law to 400 days and the company has more employees that have than 20 year-old services life. 3. Shareholder equity as of December 31, 2018 with amount of
Baht 239 million. The Company’s subsidiaries recognized short term loan increased by Baht 35 million. c. The Company’s account payable increased by Baht 153.75 million from supply of materials and labor
impacted by recorded of accrued payable for labor regulation amendment, in which the maximum severance pay rate is amended from 300 days to be 400 days of the employee’s latest wage rate for an employee who
/2019 (decreased by Baht 9.5 million). And there was an additional long-term employee benefit expenses of Baht 1.5 million in Q2/2019 reflected from the change in legal severance pay rate as per the Labor
mainly due to an increase in employee benefit provision of Baht 46 million, based on the Labor Protection Act (Issue 7) B.E. 2562 with an increase in rate of severance pay. In addition, administrative