Company has managed costs of production and product mix efficiently. However, the Company had applied and accounted for expenses from rental contracts according to TFRS 16 – Leases, which affect to net
of the previous year (Quarter 1 of 2019: THB 3.25 million), mainly due to the amortization of asset right of use following adoption of the Thai Financial Reporting Standards: TFRS 16 on Leases, which
(Quarter 2 of 2019: THB 6.40 million), mainly due to the amortization of asset right of use following adoption of the Thai Financial Reporting Standards: TFRS 16 on Leases, which added to the land lease
was due to the fact that the Company repaid some loans to the financial institutions as well as financial leases for the total of 16.32 million baht. Hence, the debt to equity ratio stood at 0.13 times
. The value of disposition of assets consist of assets, equipment, leases agreement for building and premises and margin loan and the marking staff is also transferred. In this regard, the Board of
. Therefore, there was a recording of transactions relating to leases relating to the operations of the business. Total Shareholders’ Equity increased from THB 953.94 million as of 31 December 2019 to THB
sales and also the recognition of right-of-use asset of THB 274 million, according to the adoption of IFRS 16 Leases standard. Liabilities Total liabilities as of June 30, 2020 and December 31, 2019 were
interest paid from loans agreement but there was interest expense from lease agreement amount to Baht 0.24 million. Since 1 January 2020, the Company has adopted the Accounting Standards – IFRS 16 “Leases
because of revaluation biological assets. 7. Finance cost increased by Baht 0.61 million compared with the same period of the previous year because the Company has adopted the TFRS16 Leases for fiscal years
Financial Reporting Standard No.16: Leases. 5. Finance cost was Baht 110.01 million, net increase of Baht 10.26 million or up by 10.28%, due to the impact of adopting the Financial Reporting Standard No.16