, and (2) the Company recorded the doubtful accounts on long-term loan to joint ventures of 910 million Baht in the same period last year. In Q2 2018, the Company had finance cost of 198 million Baht
management recognized revenue from construction under a concession arrangement in accordance with percentage of completion of the fair value of assets. The Group’s management also recognized cost of
’ burden by reducing minimum payment for credit card and personal loan as well as providing a grace period and relief program in the first quarter of 2020. Moreover, the Company adopted a more cautious in
preserving policy space. The MPC deemed the government’s announced relief measures and loan repayment measures to assist borrowers affected by the Covid-19 would more directly address the problems than
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
is recognized as an adjustment to retained earnings as at January 1, 2020. As at 31 December 2019, the Company has loan purchased of receivables Baht 77,375 million. The effect from adopting TFRS9 had
financial reporting standards is recognized as an adjustment to retained earnings as at January 1, 2020. As at 31 December 2019, the Company has loan purchased of receivables Baht 77,375 million. The effect
of previous year, mainly because some asset monetization to WHART was under joint venture companies, which was recognized in form of share of profit from joint venture, totaling of THB 463.9 mm
that has increased was higher than those in revenue of Q3-2018. This is because the decreased rate gross profit margin of the recognized revenue from project in Q4- 2018, due to high competition in the