. Consequently, inventories have been decreasing from Bath 2,379 million at the end of 2018 to Baht 2,257 million at the end of 2019, and Baht 2,169 million at the end Q1/2020.

income impact is larger for the decreasing side than the increasing side. Financial statements preparers and the audit committee should pay more attention to overstated net income transactions. 12 Levels

profit for the second quarter of 2017 totaled Baht 8,986 million, decreasing Baht 1,185 million or 11.65 percent over-quarter – due to an increase of Baht 1,493 million in impairment loss on loans and debt

E_1 Legal_FA_2015_12_29-c A FFeeCCoorrppLL44..11hhiigg A Executive Summary Management Discussion and Analysis For the Quarter Ended September 30, 2017 The Thai economy maintained steady growth in the third quarter of 2017, buoyed largely by tourism and exports. Nonetheless, the economic recovery was not broad-based, as evidenced by sluggish private consumption. While certain businesses were still fragile, others remained mired in uncertainty in terms of new modes of competition, a broader market...

totaled Baht 9,929 million, decreasing Baht 115 million or 1.15 percent from the previous quarter. KBank still recorded increased income. As evidenced, both net interest income and non- interest income rose

continuously decreasing of economic status and consumption product resulting the total revenue and net profit of the Company is decreased. In 2017, the Company has total revenue of THB 294 Million decreasing

decreasing of economic status and consumption product resulting the total revenue and net profit of the Company is decreased. In 2017, the Company has total revenue of THB 294 Million decreasing from THB 322

78% YoY, primarily decreasing from refinery business group which recorded a lower Total GRM due to the lower finished oil product demand following the COVID-19 outbreak. Moreover, in Q2/2019, Inventory

reduction of registered capital by decreasing the number of registered shares which have not yet been issued in an amount of 4,296,674 shares due to the allotment of stock dividend for the 2H’2014 has

Liability Analysis As of December 31, 2018 the total liabilities were Baht 105,578 million, decreasing by Baht 7,898 million or 7% from the year 2017. The details are as follows:  Current liabilities