outstanding debts and the prevailing economic condition. Management believed that allowance for doubtful accounts is adequate in the current circumstances. Inventories Unit: Million Baht Consolidated financial

affected to limited buying power. For the 2H17, although the government has announced policy to urge economic, the majority of policy related with investment in government and infrastructure which take a

percent, because the growth of the same store sales of the domestic restaurants and bakery shops are decreased by 4. 4 percent as a result of an domestic economic slowdown and the growth of the same store

, because the growth of the same store sales of the domestic restaurants and bakery shops are decreased by 3. 2 percent and 7. 2 percent respectively as a result of an domestic economic slowdown and the

. Therefore, the company's performance is mostly affected by its ability to win and retain business from the existing and new customers. In turn, customer demand is affected by world economic growth and the

concerning Strengthening Economic Relation between Hong Kong and Thailand, signed on 29 November 2019. In this connection, the Securities and Futures Commission of Hong Kong (“SFC”) and the Office of the

Logistics Public Co., Ltd. (“NCL” or ("the Company") slightly gained less revenue than the previous year around 1.49% due to poor overall economic situation at the beginning of the year. NCL tried to follow

). Industry Overview The Office of the National Economic and Social Development Council (NESDC) reported that Thailand’s GDP in 2018 growth 4.1% YOY, driving by private consumption and investment. Although the

PDR to facilitate Economic and Industrial growth according to National Economic and Social Development Plan No. 7. 8. Condition Precedent This transaction is considered as class 2 transaction according

collection history, aging profile of outstanding debts and the prevailing economic condition. Management believed that allowance for doubtful accounts is adequate in the current circumstances. Inventories Unit