/19”) sales revenue of Baht 3,199.32 million. The drop in sales revenue was mainly as a result of significant drop in Total Industry Volume (“TIV”) and Total Industry Production (“TIP”) for Thailand
from higher sales volume in CNF incoterm. Administrative expenses increased 75.53 percent from the same period of last year, due to higher bonus estimation and higher expense from 2nd production line
decreased from the same period last year. Loss for the first quarter of the year 2019 equals ฿ 7.59 million while loss for the same period last year was ฿ 25.15 million. This is due to the company’s bonus
million in 2019, which rocketed year-on-year by Baht 3 .81 million or 508% due chiefly to a reversal of accrued bonus forgone by an executive into other income of Baht 2.25 million. For the Year Ended
bonus forgone by an executive into other income of Baht 2.25 million. For the Year Ended December 31 2019 2018 Change MB % MB % MB % Cost of sales 157.39 41.87 125.04 39.37 32.35 2.50 Selling expenses
decreased 1,360,678 baht compared to the same period of the last year mainly from the decrease of personnel costs such as incentive and bonus. 4. Administration expenses increased 1,277,144 baht compared to
monthly remuneration of Baht 315,000 per month from the Company. Total monthly remuneration for 1 year will be Baht 3.78 million. In addition, the Company may consider giving her a discretionary bonus. The
Baht 137 million (Accrued bonus, year 2018, actually paid- January 2019) - Accrued income tax increased Baht 43.9 million Statements of Cash Flows Operating Activities In 1Q19, the company had net cash
a large portion of fixed costs. Some of which increased from the previous year, especially the labor cost and bonus with annual adjustments, and depreciation increasing slightly due to new machines