be taken by all other creditors such as ACO I so it was limitation for the Company to procure funding sources from loan from financial institution to be used for business operation. Currently, the

short sale and the debt repayment ability of such person to be taken into consideration in granting approval for lending money for purchasing securities or lending securities for making a short sale to

limit does not apply, provided that the applicant has taken such curriculum for not longer than 2 years as of the application date; 3 According to the Qualifications Table of Applicants for Approval of

mainly due to the loan taken to finance the acquisition of the hotel business in Europe and a loan taken to finance the acquisition of 6-14 Underwood Street office building. 1.6 Income Tax Expenses Income

in the year 2017 caused from expense of bond issuance at Baht 3.89 million and allowance for doubtful account at Baht 2.52 million, however in year 2016 the reversal of doubtful account was Baht 9.79

, 2017 which increased from the same quarter last year totaling 11.08 million Baht or 6.73%. The major reason for the increase is due to an increase of 9.13 million Baht in allowance for doubtful debts

or 157.34%. The primary cause is the cost in the production of agricultural business increased. 2. Allowance for doubtful accounts (reversal) by 0.16 Million Baht increased from the same period last

% 65% 5,646 7,933 301 1,456 5,651 8,988 513 1,984 0% 13% 70% 36% Total Revenues 5,225 5,664 5,979 6% 14% 15,335 17,136 12% Operating and administrative expenses and others Bad debts and doubtful accounts

up of Allowance for Doubtful accounts and loss from investments which increased by 112.24 million Baht from last year and the increase in sales and administration cost to support the expansion of

. 620/5 Moo 11 Nongkham, Sriracha, Chonburi 20230 Thailand Tel. 66-38 480-020-1 FAX. 66-38 480-080 2. The allowance for doubtful accounts is 0.13 million baht. Decrease from the same period a year before