Detecting Corporate’s Earnings Manipulation in Thailand Corporate Governance Attributes and Audit Report Timeliness: Mediating Role of Corporate Disclosure and Transparency and Moderating Role of
Administrative expenses decreased by 6% yoy mostly was attributed to the staff cost. Earnings before interest, taxes and depreciation (“EBITDA”) EBITDA (not included other income) increased substantially by 16
increased corporate tax liability, despite a lower finance cost. This resulted in basic earnings per share of Bt1.15 for the second quarter of 2017 and Bt2.28 for the first six-month period of 2017. Total
exchange rates, despite a lower finance cost. This resulted in basic earnings per share of Bt1.04 for the third quarter of 2017 and Bt3.32 for the nine-month period of 2017. Total Asset Total assets as of
-Social Security 215.54 232.56 -7% Revenue from Social Security 177.35 190.21 -7% Revenue from Hospital Operations 392.89 422.77 -7% Cost of Hospital Operations 276.56 294.32 -6% Adj. staff benefit - 8.15
53.7 Debt Service Coverage 673.5 10.1 Total Debt to Equity 0.2 0.3 * calculated by using earnings of current quarter to be estimated for annual earnings ** based on only cost of medicine & medical
32.6 Debt Service Coverage 904.1 4.4 103.9 4.6 Total Debt to Equity 0.2 0.4 0.2 0.4 * calculated by using earnings of current quarter to be estimated for annual earnings ** based on only cost of medicine
* calculated by using earnings of current quarter to be estimated for annual earnings ** based on only cost of medicine & medical supplies
partially offset by significant cost increase of secondary raw material. Earnings Analysis 2Q 2018 core EBITDA increased by 63% to $388 million year-on-year.On a portfolio basis, IVL achieved a Core EBITDA
significant economic- related benefits to MBEB. Specifically, this evidence suggests that markets assign higher price- earnings multiples, react with positive abnormal returns, or demand lower cost of debt to