1929 crash. Kanis Saengchote - Chulalongkorn Business School …rather than being “elements of substance”, real estate prices were “based on the self- delusion that the Florida swamps would be wonderful

revaluation of investment The Company had unrealized loss on revaluation of investment by THB 41.91 Million for the first Quarter 2020, caused from capital market crash compared with the ended of the last year

crash risk. SEC Classification : ใชภ้ายใน (Internal) ACADEMIC CONTRIBUTION ❖ T h e m a j o r i t y o f t h o s e s t u d i e s u t i l i z e C h i n e s e f i r m . ✓ Han et al. (2019): no improvement of

Road Accident Victims Protection Company Limited. Kindly be informed accordingly. Yours sincerely Wichai Intaranukulkij Managing Director

proportion of average claim expenses over accident related to voluntary motor insurance increased from Baht 21,138 in the previous year to Baht 22,094 in the reported year. Net investment income, gains on

reduce of service fee income received for income from Road Accident Victims Protection Company Limited. Kindly be informed accordingly. Yours sincerely Wichai Intaranukulkij Managing Director

Road Accident Victims Protection Company Limited. 3. Increase of income tax benefits from last year in the amount of 10.13 million baht. Kindly be informed accordingly. Yours sincerely Wichai

earned premium moreover increased from 58.46% in the same period last year to 60.18% this year because of the fact that the average amount of claim expenses over accident related to voluntary motor

Accident Victims Protection Company Limited. 3. The increase of income tax benefit from the same period of last year in amount of Baht 1.64 million. Kindly be informed accordingly. Yours sincerely Wichai

in its Q2 and Q3/2017 financial statements were incomplete and ambiguous, which is likely to affect the rights and interests of shareholders or the decision making on investment. For example, an