, then there were no deferred income tax liabilities. - However, Long- term employee benefit reserve liabilities increased by Baht 6 million, due to the Labor Protection Act (No. 7) B. E. 2562 was

profit and net profit. Moreover, the Company and its subsidiaries have set aside provision in first quarter for additional employee benefits at the amount of approximately 7.7 million baht in order to

; 2) new transportation rate since May 2018; and (3) higher employee retirement benefit according to the Labor Protection Act of THB 26.2 million (of which THB 21.0 million after-tax). Finance Costs For

plan with Bangchak Petroleum Plc. was of Bt11.5 million. 2.2.5 The Employee benefit obligations was of Bt939.3 million according to Labor Protection Laws as TAS no.19 on employee benefits. 2.3

provisions for employee benefits due to the change of severance payment policy following the amended Labor Protection Act. Analysis of Shareholders’ Equity As at 31 December 2019, the shareholders’ equity was

decreased by Baht 400 million or 19% decrease compared to the same period of 2018. This was mainly due to an increase in employee benefit provision of Baht 46 million, based on the Labor Protection Act (Issue

Baht 239 million. The Company’s subsidiaries recognized short term loan increased by Baht 35 million. c. The Company’s account payable increased by Baht 153.75 million from supply of materials and labor

/2019 (decreased by Baht 9.5 million). And there was an additional long-term employee benefit expenses of Baht 1.5 million in Q2/2019 reflected from the change in legal severance pay rate as per the Labor

mainly due to an increase in employee benefit provision of Baht 46 million, based on the Labor Protection Act (Issue 7) B.E. 2562 with an increase in rate of severance pay. In addition, administrative

% THB mm % Raw material and packaging 179.04 80.77 71.50 60.69 (107.54) (60.06) Labor costs 21.98 9.92 11.33 9.62 (10.65) (48.45) Depreciation costs 8.64 3.90 10.06 8.54 1.42 16.44 Freight expenses 0.68