declined because of high employee benefit expenses and utility costs last year. In 2019, the high employee benefit expenses were due to an amendment of a labour protection law that employees were entitled to

loss was 6.05 million baht that present in Administrative expenses. Selling and administrative expenses in 2017 increased by 21.40 million baht or 20.4% from 2016. High up from Employee compensation

fairly at work without discrimination Invitation by SEC to become a WEPs signatory High Level Corporate Leadership Employee health, well-being and safety Community initiative and advocacy Education and

could be attributed to increase in impairment loss on loans and debt securities in line with non-performing loans to total loans, which remained at a high level. Net fees and service income – one of

. enjoyed continually high loan growth. In addition, Muang Thai Life Assurance PCL retained its leadership in the bancassurance business, holding the second largest market share in total premiums. To secure

term of expenses, Absolute Yoga could reduce staff costs and studio rental fee from negotiations and support from the government; however, there was special expenses from closing two studios. Therefore

have made the company a high selling expense. The main costs are as follows. Expenses Jan – Dec 2017 Jan - Dec 2016 Increase(Decrease) Mimmion Baht Percent 1. cost of employee 48.05 43.43 4.62 10.64 2

increase due to the fluctuation of raw material price that remain high during our financial year. The direction of raw material price started to decline at the end of financial year and expects to benefit

increased from the previous year by 61.36 million baht or 16.85%, as a result of increasing staff to cope with increasing services demand. And the company have to increase the reserve of employee benefit

increasing staff to cope with increasing services demand. And the company have to increase the reserve of employee benefit by 4.03 million Baht. This is in line with the new Labor Protection Act, in which