from distribution fee from outsourced service provider of warehouse management and goods distribution that the company started using since September 2018 which is a total cost of 10.84 million baht
Instruments. In addition, Financial Costs increased from loans for investment project during the year 2019, including the booth in the center of the spray painting plant ,warehouse building and Jiangsu plant
in 2019, the Company using the cash received from the Initial Public Offering (IPO) buy land for the construction a warehouse with an area of approximately 9 rai, resulting in a decreased in interest
an external provider of warehouse and logistics management services, whereas the Company did not incur such expense in the corresponding period of 2018. It was also ascribed to a total increase of
(approximately 205,561.07 square meters) and total leasable area of warehouse and factory of Page 9 of 17 approximately 131,839.00 square meters, which can be categorized in four types of building: Warehouse
due to advance payment and payment to the new office and warehouse construction contractor of Baht 28.62 million, Bonus payment to employees Baht 11.59 million and the acquisition of franchise rights
11.55 million and others of 1.41 million, net offsetting with investing in plant and purchase of machinery of foreign subsidiaries and additional purchase of warehouse and machinery of the Company and
warehouse space. However, the company's gain in exchange rate compare to the same period of last year due to efficient exchange rate fluctuations management. The company's efficient exchange rate fluctuations
million or 5.89%, due to investment in new warehouse construction and installation of new machine, including cold repair furnace A. Total Liabilities As of 31 December 2018, total liabilities presented at
was THB 86.19 million, an increase of THB 23.29 million or 37.04%. The majority of revenue from rent and service was come from leasing space of warehouse/factory in Bangkok Free Trade Zone Project (by