of lower utilization rate; and 3) higher finance costs due to higher borrowings as a result of previous investments in machinery, subsidiaries, and joint ventures. However, there is an improvement
material while, at the same time, have to book the increase in provision of employee benefit in accordance to the new Labor protection Act. 5.2 Inclusion of the new Joint Venture in South Africa which just
Resource SSE is an associated company that KYE holds. KYE has entered into a joint venture with 3 subsidiaries of Mitsubishi Electric Corporation. The name is as follows: Mitsubishi Electric Kang Yong Watana
baht 160,000,000. Detail of the transactions are as follows : 1. It is the joint investment for the purpose of establishing a hospital 120 beds. Locationed at 553 Village No. 4, Chaisathan Subdistrict
of registered paid-up capital of Vienna House Asia Limited (“VHA”) at the price of 46,800 Hong Kong Dollars (or equivalent to Baht 193,302.72). The purposed of the transaction is to have VHA, as joint
(Thai GAAP). A) One-time loss on impairment assets in 51% held on joint venture company regarding to Thai Generally Accepted Accounting Principles (Thai GAAP). %Gross Profit Margin Net Profit
last year due to long term loan and working capital. (8) Share of profit (loss) from investment in associated company and joint ventures In the third quarter of 2018, the Company recognized the profit
associated company can decrease the cost from this investment. From this joint investment, Thippayabadin Company Limited can growth in revenue and profit. So, Ramkhamhaeng will receive benefit come back in
ordinary share in the amount of 21,000,000 shares at price of baht 40 par share, totally baht 840,000,000. Detail of the transactions are as follows : 1. It is the joint investment for the purpose of