the transaction, Modern Company must adjust its business structure by buying out land and factory buildings as well as adjust all existing assets and liabilities of the company except tools, machinery

Destination and Fashion Destination, to enhance the convenience of and services towards the customers. Land leases of CentralPlaza Rama 2 have been extended by another 30 years. The extension of land leases of

million or 15.41 percent. Due to the company has sold 1 plot of land total price 68 million baht but revenue from sales of houses and condominiums were decreased. Rental Income and Service Revenue The

2015 which were decreased by Baht 401.27 Million or 3836.88 percent compared to year 2014, due to the Company and its subsidiaries had gain on disposal of Land held for development and property

, 2017, the company, during Q2 2017, has assessed and reviewed the accounting policy and changed the valuation method from cost method to fair value method of land, land improvements, office condominium

Land with structure of J Condo Rama 2 Project locate at Samae-Dam, Bang Khun Thian, Bangkok 1) Title deeds no. 168123 area 264 square meters. 2) Title deeds no. 177598, 177599, 177600 with a total area

the land mortgaged as security for a total of 35 plots of land title deed number 1790,1807,1810,1814,1815,18147,18149,18151,18152,18165,44,448, 37,38,39,50,52,54,139,141,142,143-149,157-159,163-166

and interest : Determination of principal on demand or is able to reimburse before due date The interest due on a monthly basis. Mortgage securities : The company put the land mortgaged as security for

Baht 15.46 million, because the Company has filed a lawsuit against the previous authorized director, who approved the purchase of land areas in Koh Sirey Land, Phuket Province and the extensions and

made an allowance for the value of land awaiting development amounting to 91.33 million baht from the difference from the appraisal value compared to the acquired value. Page 3 of 3 4. Financial costs of