contract date which is October 20, 2017 8. Source of Fund : 30 % from the Company cash flow and 70 % of loans from the bank, so that, this loan application has no condition or limitation related to the

VAT limitation. As a result, the depreciation of such assets amounted to Baht 12.85 million. - Financial expenses decreased from Baht 18.07 million in the year of 2017 to Baht 9.47 million in the year

2018 was increased 20.35% from the same quarter of last year due to the Company reclassified the property for sales to operating assets due to the VAT limitation. As a result, the depreciation of such

Company reclassified the property for sales to operating assets due to the VAT limitation. As a result, the depreciation of such assets amounted to Baht 14.71 million. - Financial expenses decreased from

initial stage of their operation, and thus exposed to high risks, including business risk, obligations of the offered debts, trading channels and transfer limitation. In addition, to manage risks and

the preparation of the SET and securities business operators for regional market linkage and competition in the international market arena. Within this forward- moving environment, the SEC also made

Cash Flows Statement Accounting Business Performance Executive Summary Statement of Income 23 of Financial Position Environment Management 3 Financial Ratios 28 Executive management’s prospects to

exchange, the Stock Exchange of Thailand (SET), and increased the chance of its being marginalized. To be responsive to the fast-changing business environment, the SET will have to reform its Banyong

well-functioning markets. The corporate form of organisation of economic activity is a powerful force for growth. The regulatory and legal environment within which corporations operate is therefore of

institution, enabling us to cope with possible economic fluctuations in a timely manner. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in 2017 and