Performance T.K.S. Technologies Public Company Limited (“Company”) reported total revenues growth of 93% y-y in 2Q18 or THB 283 mil., primarily due to business combination consolidated Thai British Security
growth of 60% y-y in 3Q18 or THB 226 mil., primarily due to business combination consolidated Thai British Security Printing Public Company Limited (“TBSP”) since April 4, 2018. Excluding TBSP, Company’s
notes shall be any or the combination of the following variable, commodity or index: (1) Thai securities; (2) Foreign securities; (3) Interest rates; (4) Foreign exchange rates; (5) Inflation rates; (6
as per their stated accounting policy. Common findings No procedures were performed before concluding that the revenue recognition was free from material misstatements from fraudulent transactions
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, there is income and cost specifically for the part of representation and domestic transportation activities only. The comparison between combination of such two companies’ income and the previous year
that are difficult to detect. For example, (1) fraudulent transactions through a subsidiary located overseas that has obscure business objectives and is hard to inspect, (2) trading transactions and
to 227.9 mil. baht. - Total expenses increased 9% or 20.1 mil. baht to 244.4 mil. baht due to the following: 1) The Company had just detected a fraudulent practice of our credit supervisor and need to
., business combination, impairment of assets, revenue recognition using percentage of completion method and general IT controls (“GITC”) • Using the work of an auditor's expert, e.g., engineer and appraiser
and will open up the possibility of integration into its existing businesses. The combination of a strong local company with recognized products and deep insights into the market with IVL’s global scale