COVID-19: CFO in Action

KPMG in Thailand

3 April 2020

2© 2020 KPMG Phoomchai Business Advisory Ltd., a Thai limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International..

COVID 19 - OverviewThailand Key Economic Figures

Source: World Bank. East Asia and Pacific Economic Update

GDP FY 2020 -3% to -5%FY 2021 +3% to +4%

EXPORT FY 2020 -3.4% to -6.8%

Biggest % Drops

Transport services Recreational activities Accommodation

Most Impacted Sectors (Absolute terms)

TradeAgricultureManufacturing goods (chemicals, electronics, refined oil)

Total Confirmed

Source: Johns Hopkins

Country 1 March 2020 Today

China 79,826 82,456

South Korea 3,736 10.062

Italy 1,128 115,242

Iran 978 50,468

Japan (incl. Diamond Princess) 946 2,617

USA 71 245,540

Thailand 42 1.978

Global confirmed 87,589 1,016,128

3© 2020 KPMG Phoomchai Business Advisory Ltd., a Thai limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International..

CFO Challenges - Establishment of Cash Steering Committee

4© 2020 KPMG Phoomchai Business Advisory Ltd., a Thai limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International..

CFO Challenges - Consider how key business value chains will be impacted by demand

5© 2020 KPMG Phoomchai Business Advisory Ltd., a Thai limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International..

CFO Challenges - Know where Quick-wins are and build simple cash forecast

6© 2020 KPMG Phoomchai Business Advisory Ltd., a Thai limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International..

CFO Challenges - Stress testing

7© 2020 KPMG Phoomchai Business Advisory Ltd., a Thai limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International..

COVID-19 Accounting Hot Topics

Expected credit loss (ECL)

assessment(TFRS 9)

Assets impairment

(including ROU asset)

(TAS 36)

Going concern Disclosures

Fair value measurement

Other accounting estimates

Revenue(TFRS 15)

8© 2020 KPMG Phoomchai Business Advisory Ltd., a Thai limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International..

COVID-19 remindersSee a full list of COVID-19 related reminders on our COVID-19 | Financial reporting Resource centre page.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

© 2020 KPMG Phoomchai Business Advisory Ltd., a Thailand limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.

The KPMG name, logo are registered trademarks or trademarks of KPMG International.

Twitter: @KPMG_THLinkedIn: linkedin.com/company/kpmg-thailandFacebook: facebook.com/KPMGinThailandYouTube: youtube.com/kpmginthailandInstagram: Instagram.com/kpmgthailandhome.kpmg/th

Sukit Vongthavaravat Advisory Partner, Head of AdvisoryT: 085 118 8558E: sukit@kpmg.co.th

Thanit OsathalertAudit Partner, Head of Consumer & RetailT: 085 980 2119E: thanit@kpmg.co.th

Songpon KiatlertpongsaDirector, Deal Advisory T: 089 200 1384E: songpon@kpmg.co.th

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