administrative expenses per the sales revenue is increased by 0.2 percent compared to the same quarter of the previous year (decreased by 1.4 percent from Q4/2019), due to the recognition of doubtful debts from

of previous year by Baht 12 million or more than 100% due to allowance for doubtful accounts and allowance for devaluation of goods. 2. Financial Analysis (Unit: Million Baht) Items 31 December 2020 31

million or up 28.82 percent compared to the same period of last year. Increases in such expenses resulted the Company has set aside allowance for doubtful accounts. For debtors who have tracked debt and

baht and reversal of allowance for doubtful accounts of investments, prepaid investment amount of 14.00 million baht, profit from sales of condominiums, Country Complexes and other assets totaling 8.95

same period of the previous year, the company had income from forfeiture of deposit for land at Koh Siray in the amount of 37.00 million baht and transfer transactions return allowance for doubtful

the mining property rights of EARTH. Besides, the reasonableness of the value assessment based on the hypothesis that the two mines could be operated within this year or next year was doubtful with a

, there was an extra expense, which was to set up an allowance for doubtful accounts of a short-term loan of 1 2 7 .9 9 million baht of a subsidiary. And loss from sale of investment in a subsidiary of Baht

affected by the delay. Therefore, the Company considered to record allowance for doubtful accounts with total amount of such unbilled receivables. Cost incurred from the delay under the contract consists of

tax from debt payment received from a major debtor in Q1/2019 Expected credit losses (2019: Bad debts and doubtful accounts) For the three-month period ended March 31,2020, the Company recorded a total

expenses on employees’ benefit and special business tax from debt payment received from a major debtor in Q1/2019 Expected credit losses (2019: Bad debts and doubtful accounts) For the three-month period