comparison with the previous year, due to the delay approval process of budget expenditure of the government for the 2020 fiscal year. • Revenues from sales and beauty treatment services for the year 2019 were

the budget disbursement for the year 2020 remaining period. Including, restructuring of the expenditure budget for economic recovery through the Transferring of Budget Act 2020. However, the investment

supporting factors were the return-to-expansion of export goods and private final consumption expenditure. In addition, the relaxation of the COVID-19 restrictions resulting in the number of foreign tourist

include capital and operating expenditure relating to: 1. Inputs (e.g. land, seeds, fertilizer, energy, information), 2. Capital goods (e.g. land, equipment, housing), 3. Crop-based transformation processes

marketing events in the first quarter of 2018 than prior year such as “FN Fair” at head office and “FN Thank you sale” at branches. The Company efforts to carefully control promotion expenditure. Thus, 1Q18

in capital expenditure. However, external demand softened as the value of merchandise exports grew at a slower pace. (Source: BOT Press Release No.3/2020 on the Economic and Monetary Conditions for

of tax exempt status which can be carried forward and deducted as expenditure from the net profits acquired. For the year 2014 and 2015, the Company could claim this priviliege to the whole amount

Table 7: Capital Expenditure 1Q2017 Bt 268 million 2Q2017 Bt 234 million 3Q2017 Bt 305 million 4Q2017 Bt 418 million An additional investment in Phase 3 of the new plant during 2017, will commence

principal Other Conditions : None Objectives : To be used for capital expenditure of the Company and to be working capital of the Company (4) Total Value, Size of the Transaction, and Criteria to Value the

the securities company may reduce the expenditure for undertaking its business by using back office service from service provider and due to the criteria for undertaking securities business of