wage rate according to the Labor Protection Act (No. 7) BE 2562. 4.2 Liabilities The total liability in the first half of 2019 was increased from the end of 2018 by Baht 88.64 million or 31.24 percent

employee retirement benefit of THB 8.85 million due to the change of defined benefits plan: increased from a maximum of 300 days of wages to 400 days under the new Labor Protection Act since April 2020

Partnership GS June 16, 2016 180 days after receving notification to start the work Laying 900mm steel pipe to send raw water in Phang-Nga and Phuket. Labor and material cost 2000Baht per meter including total

to social sustainability management in the business operational process, which includes respect for human rights throughout the value chain, for example, fair labor treatments, responsible production

rights throughout the value chain, for example, fair labor treatments, responsible production and services for customers, and participation in social and community development. In this regard, clarify only

million baht for the nine- month period. A significant increase resulted from the new Labor Protection Act reflecting past cost related 19 ASIA’S BOUTIQUE AIRLINE to employee benefits in income statement

significant increase in selling expenses were mainly due to usage of reservation system together with an additional cost related to employee’s retirement program according to the new Labor Protection Act

450.98 83.00 328.65 79.70 (122.33) (27.13) Labor costs 51.34 9.45 37.24 9.03 (14.10) (27.46) Depreciation costs 15.40 2.83 17.53 4.25 2.13 13.83 Freight expenses 1.54 0.28 1.94 0.47 0.40 25.97 Others/1

Years ended 31 December 2018 2019 THB mm % THB mm % THB mm % Raw material and packaging 328.65 79.70 146.10 56.57 (182.55) (55.55) Labor costs 37.24 9.03 23.22 8.99 (14.02) (37.65) Depreciation costs

mix and 2017 carry over benefit of $700K from Japan perpetual license deal. Corrective actions and controls are in place to mitigate rising labor costs and improve forecasting and purchasing practices