Deferred Revenue Item Deferred Revenue Item = Deferred revenue from assets monetization to WHABT in 2015 which recognized in the first quarter of 2019 as a result of accounting standard adjustment (TFRS 15

standards was recognized as an adjustment to the retained earnings as at 1 January 2020, and the comparative information was not restated. The impact of the adoption on the consolidated statement of financial

1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE For

generation of XPCL and longer maintenance period of Quezon. Meanwhile, SBPL has recognized the operating result because the commencement on September 26, 2019 and NTPC has higher electricity sales to EDL

million Baht or 86.89% due to in year 2019, the company recognized the doubtful debt reduced by 276.22 million Baht and also the income from the disposal of assets and the write-off of creditors amount of

Renewable Energy Projects for industrial customers started from Solar Rooftop Projects. WHAUP recognized Power Business performance in a form of (i) Revenue, (ii) Share of Profit, and (iii) Dividend Income

1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE In

and its subsidiaries had total shareholders’ equity of Baht 3,776.69 million decreased from Baht 3,959.51 million as of December 31, 2019 of Baht 182.82 million or -4.62% from recognized loss profit of

Feb-20 and the adoption of TFRS16 which recognized right of use assets of Bt62,934mn against the lease liabilities of Bt62,282mn. Total liabilities reported Bt296,378mn increasing +35% from ending Dec

ending of tax benefit recognized from 2016-2020 (Reference: Royal Decree No. 604 dated 18 April 2016). The effective tax rate was at 18.2%. Profit In 2Q21, EBITDA as Bt23,006mn increasing 3.2%YoY and 1.9