Discussion and Analysis (MD&A) Page 6 of 13 Revenue from sales Revenue from sales of real estate comprises the transfer of ownership in residential units to customers, which CPN began to record the sales from
Group entered a sublet agreement of Hilton Pattaya Hotel with CPNREIT after the transfer of the asset into CPNREIT was completed. Revenue from sales Revenue from sales of real estate comprises the
%) 528 633 20% Revenue from real estate sales 818 485 602 (26%) 24% 2,385 1,229 (48%) Other income 853 563 603 (29%) 7% 1,872 1,743 (7%) Total revenues 9,221 9,201 9,413 2% 2% 26,320 27,330 4% Excluding
178 204 221 24% 8% 346 424 22% Revenue from real estate sales 1,351 142 485 (64%) 242% 1,567 627 (60%) Other income 527 577 563 7% (2%) 1,019 1,140 12% Total revenues 9,137 8,719 9,197 1% 5% 17,099
Revenue from sales of real estate comprises the transfer of ownership in residential units to customers, which CPN began to record the sales from 2018 onwards. In 2018, revenue from sales stood at THB 2,762
of Hilton Pattaya Hotel with CPNREIT after the transfer of the asset into CPNREIT was completed. Revenue from sales Revenue from sales of real estate comprises the transfer of ownership in residential
%) Revenue from food center services 169 211 204 21% (4%) Revenue from real estate sales 216 377 142 (34%) (62%) Other income 492 699 577 17% (17%) Total revenues 7,962 9,028 8,719 10% (3%) Excluding non
from food center services 205 209 218 7% 5% 733 851 16% Revenue from real estate sales 377 602 1,675 344% 178% 2,762 2,904 5% Other income 468 324 723 54% 123% 1,613 1,683 4% Total revenues 9,022 9,413
and conditions stipulated under the Thai Revenue Code for the purpose of tax exemption for such transaction (the “Entire Business Transfer Transaction”). BTSG is a majority shareholder of the Company