there was no bad debt in the past 2017. (3.2) Inventory and Deterioration or Obsolete The Corporate Group’s inventory as at March 31, 2018 accounts for 19.35 percent of the total assets, of which 24.65

% comparing with Q3/16. This is because of the higher cost of raw material in th the cost of goods sold is increased by 53.96 million baht (10.16%) which affect to our gross margin to down by 36.6 million baht

2018 as the raising in raw water sales volume while costs of sales and services totally 2,003.08 million Baht, increased by 357.38 million Baht or 21.72% because of increasing of electricity cost. Net

due to the raising in raw water sales volume and net profit attributable to equity holders of the parent company of 609.48 million Baht, increased by 28.85 million Baht or 4.97%. Income statement

218.9% compared to the gross profit of Baht 32.8 million for 2018. It is due to the allowance for diminution in value of obsolete and slow-moving inventories amounting Baht 37.5 million in 2018, resulting

due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 1,117.52 million Baht, decreased by 103.66 million Baht or 8.49%. Income statement

PPG products caused we cannot bid for any projects , and we have to set up provision for obsoleted raw materials and stocks. Please be informed. Yours Sincerely, Panya Boonyapiwat Chairman

million Baht, decreased by 27.23 million Baht or -7.97%. ง Income statement (Million Baht) 1st Quarter 2020 2019 YOY % Total Sales and Services revenue 1,157.02 1,164.83 (7.81) (0.67%) Raw water revenue

export sales volume was dropped including the reduction of selling price. The fluctuation of raw material price and keen competition of selling price affected to the domestic sales whereas the appreciation

director and acting president of GJS, committed or permitted another to act so as to falsify the accounts of GJS by making false entries concerning the purchase of raw materials from overseas suppliers