second quarter of 2019, the labor Protection Act stipulates additional compensation rates in the case of an employment termination for employees who have worked for 20 years or more to be entitled to
from the private sector and the government slowed down. There is intense competition. The cost of goods increases from the labor cost that the company must bear. In the second quarter of 2019, the
disruption to the economy. Businesses and employment were affected by the lockdown measures while consumer purchasing power continued to decline due to the high level of household debt. However, the government
the post- employment benefits program from the 300 days to 400 days and recognize loss from exchange rate which in 2018 was recognized as foreign exchange gain. 3.7 In 2019, the labor Protection Act
% when compared to the same period of 2018. Resulting from the employment benefit obligation. 4. Financial costs decreased Baht 4.41 Million or decreased 27.88% when compared to the same period of 2018
last year. 2. Administrative expenses were Baht 92.09 million; increased Baht 16.71 million or 22.17%. This is result from increasing provision for retirement benefit under new labor law and increasing
OPERATIONS HEART : LIVING RIGHT HEALTH : LIVING WELL HOME : LIVING TOGETHER CORPORATE GOVERNANCE 100% OF BUSINESS IMPLEMENT A CORPORATE GOVERNANCE ASSESSMENT HUMAN RIGHTS & LABOR PRACTICES 100% OF BUSINESS
%, compared to Q2/2018. The reason was in Q2/2019, the company recorded an increase in provisions of employee benefit, according to the Labor Protection Act (Issue 7) 2019, effective from May 5, 2019 onwards
decreased by THB 167 million or 5.7 percent from last year. In addition, company had acknowledged of the past service cost for employee benefit in accordance with the Labor Protection Act ( No. 7) B. E. 2562
million which increase Baht 0.75 Million or 3.25% when compared to the same period of 2019. Resulting from increasing in the reserving of employment benefit obligation. 5. Financial Cost was Baht 2.22