clarifies the changes in the performance over 20% as follows: FINANCIAL PERFORMANCE Consolidated Financial Statements Q1 2017 Q1 2018 Increase/(Decrease) THB mm THB mm THB mm % Total Revenue/1 1,365.1 3,447.1
RECEIVABLES (THB mn) 31 DECEMBER 2017 31 DECEMBER 2018 Not yet due 124 293 Up to 3 months 89 144 3 - 6 months 0 67 6 - 12 months 0 13 Over 12 months 13 11 Total 227 528 Allowance for doubtful debt 11 6 1,482
months 13 35 Over 12 months 11 33 Total 509 661 Allowance for doubtful debt 6 9 LIABILITIES AND SHAREHOLDERS’ EQUITY LIABILITIES AND EQUITY BREAKDOWN 31 DECEMBER 2018 (Restated) 31 DECEMBER 2019 (THB mn
sales and services as of 2019 was 2,046.23 million Baht and the ratio of cost of sales over total revenue was 103.31%, as of 2018 was 1,534.44 million Baht with the ratio of 98.19%, which increased by
and Din’s, both of which received favorable responses from consumers. However, over the course of 2019, the economic situation and consumer confidence continuously worsened and this negatively impacted
unearned franchise revenue will be recognized as revenue over the 5-year period) and the increase in the provision for long- term employee benefits and the provision for decommissioning. (Note: Unearned
electricity of Natural Gas Power Plant and sales of steam increased by totaling Baht 14.8 million or 78.0 percent and over 100.0 percent, respectively, due to the growth of customer’s demand in steam from
at the average rate of 5 percent per year, which is a rather more conservative growth rate compared to the 5-year average that has grown over 6 percent per year. - Adjustment of medical fees by the
Company | www.shotelsresorts.com Page 4 of 9 Overview The Company is a holding company engaging in the management of hotels and investments in international hotel companies. Over the past four fiscal years
(TFRS 15) has been applied to GHECO-One which resulted Gheco-One to levelize the AP over the contract period rather than the front-loaded AP received from EGAT according to PPA and to record the deferred