under a concession arrangement is the revenue from construction of Municipality Solid Waste Power Plant, an indirect subsidiary entered into contract with Krabi Municipality to provide waste management
mainly derived from the following reasons:- 1. Management Service (“MS”) had a decrease of gross profit for (3.17) million baht. Main reason was that, in Q3/2018, the company already had a renew contract
during the 1st Quarter 2020. GFPT Group has policy to mitigate risks from foreign exchange rate volatility, which occurred from export sale and raw material importation by hedging forward contract from
revenue from construction. As specified in the contract, the subsidiary shall transfer assets when the contract ends. The Group’s management assessed the agreement in accordance with TFRIC 12 ‘Service
% Deferred income tax assets 4.19 4.15 0.04 0.96% Other non-current assets 84.88 61.12 23.76 38.87% Total non-current assets 694.17 744.52 (50.35) (6.76%) Total assets 1,510.63 1,536.12 (25.49) (1.66
business. The company is able to maintain current customers, nevertheless, the plan is to clear out all of the remaining Inventory as soon as possible. The company, therefore, has initiated a contract
approval of the Cabinet. “derivatives” means a contract having one or any combination of the following characteristics: (1) a contract in which one party is obliged to deliver goods as specified in the
customer at Baht 3.03 million and at Baht 4.17 million for the subsidiary. This is because the changing in scope of work and it has to revise the contract so the customer delay in submission of work. However
; investments in associates of Bt46 million; deferred tax assets of Bt58 million; contract costs of Bt105 million; and other non-current assets of Bt73 million. The decrease in total assets of Bt346 million from