Reporting Standards (TFRS) which consists of TFRS 9 – Financial Instruments and TFRS 16 – Leases as per the following details. Under TFRS 9, the Company is required to classify the derivatives and credit
has a list of liabilities under the lease agreement. Coming into the financial statements this year According to the financial reporting standard No. 16, it has resulted in increased liabilities in the
1Q2019: From 1 January 2019, the new Thai Financial Reporting Standard in relation to revenue recognition (TFRS 15) has been applied to GHECO-One which resulted Gheco-One to levelize the AP over the
from last year in the amount of 18.88 million baht or 10.93%. This year the Company has adopted Thai Financial Reporting Standards no. 16 Lease, resulted to a reclassification of Right-of-use assets
194.40 million of net loss and THB 6.64 million of impact from adopting new Thai Financial Reporting Standards (TFRS), TFRS No.9: Financial Instruments and TFRS No.16: Leases, in the current period
% reduced from 6.6% in the third quarter of 2020. Moreover, in the first quarter of 2020, the Company has an additional provision in accordance with the new Financial Reporting Standards (TFRS 9) coupled with
decrease in expected credit loss was mainly from additional provision in the previous quarter in accordance with the new Financial Reporting Standards (TFRS 9) coupled with provision for future impact of
Financial Reporting Standards (TFRS) no. 15 (TFRS 15), “Revenue from contracts with customers”, the Group has applied the first time on 1 January 2019 (initial application date). Revenue recognition of the
Statement of Financial Position 7 6. Finance Cost: Finance cost arise from the recognition of interest expense from the adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16). The company has no