further significant increase in revenue, as a result of our strategic realignment. VGI is now successfully established in the market as an integrated and increasingly digital media company and is the

impact of the one-month moratorium on digital advertising as the Company still needed to bear associated costs. VGI is now successfully established in the market as an integrated and increasingly digital

allowance for doubtful accounts, which also considers the customers’ payment history and credit- worthiness. As of 30 June 2018, the allowance for doubtful accounts was THB 35mn. AGEING OF TRADE RECEIVABLES

established. This is because in 2019, the Company has received mega project worth more than 1,000 million baht (MB). For the year 2020, the Company has received several large projects with project value between

17.07 percent of the total assets with 83.23 percent not yet due for payment. The Corporate Group has established policy for setting provision or allowance for doubtful debts which is based on the

and securities businesses; 1.2 determining shareholding proportion of the finance and securities company’s shareholders in the newly established limited or public limited company, during the

Securities and Exchange Act B.E. 2535 to allow qualified financial institution or such other legal entities to undertake such securities business by means of being shareholders of newly established company

staff causing the Company had a net profit of 533.8 million Baht, which was considered the highest net profit in 30 years since the Company was established. Moreover, its subsidiaries and associates in

to a penalty per established conditions. 3. To enhance efficiency in reorganization of debtors in general, the amended law facilitates them to lodge a petition for reorganization to the court without

recognized doubtful account increased amount of 28.55 million Baht from the same period last year which is estimated from unpaid debtor 31.42 million Baht and reversal of doubtful accounts receivable from