other persons. Mr. Bhusana committed a fraud by misappropriating money of IEC through the transactions related to the outsourcing contract with Thai-Chin Engineering & Construction where Mr
inconsistent with the facts to deceive other persons. Mr. Bhusana committed a fraud by misappropriating money of IEC through the transactions related to the outsourcing contract with Thai-Chin Engineering &
inconsistent with the facts to deceive other persons. Mr. Bhusana committed a fraud by misappropriating money of IEC through the transactions related to the outsourcing contract with Thai-Chin Engineering &
percent, remaining sufficient to cushion against risk, and greater than the Bank of Thailand’s requirements of 11.50 percent and 9.00 percent, respectively. All of the above endeavors and satisfactory
Thailand and Malaysia is less mature and hence, providing greater opportunities. The growth in Financial solution has slowed in 2018, our resources were tied up in delivering the implementation for orders we
contracts is continuing growth greater than increasing expense. Statement of Financial Position (Unit: Million Baht) Details 31 Dec 2018 31 Dec 2017 Increased (Decreased) % Assets Current assets Cash and cash
measurement method towards complete satisfaction of the performance obligation on construction service contract that has continuously awarded since 2017. As at 30 September 2019, the Group has backlog for
and its subsidiaries have contract revenues for Q1/2018 amount 127 Million Baht which is decrease of 118 Million Baht (48%) from Q1/2017 contract revenues. Q1/2018’s net loss of 32 Million Baht
subsidiaries have contract revenues for Q2/2017 242 Million Baht which is decrease of 28 Million Baht (10%) from Q2/2016 contract revenues. Q2/2017’s net profit of 8 Million Baht represents decreasing of 10
subsidiaries have contract revenues for Q3/2017 162 Million Baht which is decrease of 39 Million Baht (19%) from Q3/2016 contract revenues. Q3/2017’s net profit of 5 Million Baht represents increasing of 4