, are due to the increasing of insurance and contract patients. The Company saw total liabilities of Baht 539.07 million and Baht 433.77 million, as of December 31, 2018 and December 31, 2019
equipment. As of December 31, 2018 and September 30, 2019, the Company saw trade receivables to Baht 32.77 million and Baht 52.83 million, respectively, are due to the increasing of insurance and contract
same period last year at 152.5%. An increasing was from the insurance business expansion. Total revenue growth in the 6 months of 2019 is consistent with the target of revenue growth that has been
reason was an increasing of employee remuneration as a result of debt collection business expansion especially for business of debt acquisition. The Company incurred insurance expense of 25.5 million baht
year. The reasons for an increasing of revenues can be explained as following; 1. Revenues from collection of purchased accounted receivables was 341 million Baht which increase from the same period last
quarter last year. The reason was an increasing of employee remuneration, litigation expenses related to debt collection and cost of services in insurance business. The cost of services for 9 months in 2019
because an increasing of employee remuneration as a result of new staff hire for the distress debt expansion and consolidate cost of insurance service from new subsidiary. The Company’s gross profit for the
collection accounted 15.4% of total revenues in 2017. An increasing in efficiency of management in debt tracking service is a key to growth the revenues last year. 3. Income from Insurance services in 2018 was
recovery. Moreover, the income for the first half year of 2017 of company’s subsidiaries in Thailand, the Company had commission income of 242 million baht, increasing by 2% y-y from AEON Insurance Service