The suspension was in connection to NMG’s submission of the financial statements for the year 2017, wherein the overstatement of revenue and accrued income in the financial statements for the year
the company’s readjusting of employee accrued benefits and base salary to serve the company’s strategy towards fully digitalized format as well as to encourage all employee preparing for Digital
in 2018, the company booked additional accrued bonuses while in the past the company paid compensation to employees only in the form of incentives. Therefore, there were both incentives and accrued
year which resulted from; Current liabilities increased Baht 1,892 million derived from: Trade accounts payable increased Baht 1,014 million Accrued interest expenses increased Baht 537 million
performance drives earnings persistence. His findings are consistent with firms with more persistent earnings are fundamentally stronger. Yao (2014) also documents that certain fundamentals – namely the
2017 which resulted from; Current liabilities increased Baht 1,586 million derived from: Trade accounts payable increased Baht 805 million Accrued interest expenses increased Baht 331 million Other
million and some portion from the trade creditors agreed to reduce the accrued interests payable during the negotiation period before the completed debt-to-equity conversion scheme. - Gain on exchange rate
; Current liabilities increased Baht 624 million derived from: Accrued interest expenses increased Baht 385 million Current portion of long-term loan from related party increased Baht 176 million. Non
accounting department recorded such fake entries as income and accrued income in the total of 691 million baht. This case is in the process of inquiry by the inquiry official. SEC Act S.281/2 paragraph 2 in