, additional allowance for doubtful accounts and increased financial cost for business expansion activities as mentioned above. Best regards, Warawut Arunothai Managing Director

beginning on or after 1 January 2020. 8. Impairment loss on financial assets – allowance for doubtful debts approximately increased by Baht 1.11 million because the Company has adopted the TFRS9 Financial

period of the previous year. Bad debts and doubtful account for the 2nd Quarter ended 30 June 2020 decreased 10.83% from Baht 127.39 million to Baht 113.60 million compared to the same period of the

% Loss on exchange rate - 34.88 34.88 100.00% Reserve for Doubtful Debts 0.52 21.65 21.13 4,063.46% Others 38.97 48.78 9.81 25.17% Administrative expenses 137.81 251.18 113.37 82.27% Administrative expense

325.55 million baht from the previous year. 1.3 Ramkhamhaeng has profit from reverse the entry Allowance for doubtful accounts Loans receivable and Accrued Interest receivable in the amount of 1.20 million

expense was decreased because of the reduction of allowance of doubtful debt since the company had strictly control of debt collection. Financial Position Total Asset As of March 31, 2020, the company has

7.12% from Baht 83.26 million to Baht 89.19 million compared to the same period of the previous year. Bad debts and doubtful account for the 1st Quarter ended 31 March 2020 increased 59.15% from Baht

year. Bad debts and doubtful account for the 3rd Quarter ended 30 September 2020 increased 30.44% from Baht 133.72 million to Baht 174.42 million compared to the same period of the previous year

, increased 21 million baht or 1351% compared to the same period last year. The increase was mainly from interest income and bad debt and doubtful accounts (reversal). Distribution costs In the third quarter of

49.13% from the same period of the last year. This was mainly because there was a reduction in doubtful account expenses, compared to last year, as well as a reduction in administrative costs. Financing