herein. 1 Bangkok Commercial Asset Management Public Company Limited 1. Key Highlights in Q1/2020 1.1 The adoption of the New Financial Reporting Standards (TFRS) The company has adopted new financial
whatsoever on the accuracy or completeness of the information contained herein. 1. Key Highlights in Q1/2020 1.1 The adoption of the New Financial Reporting Standards (TFRS) The company has adopted new
acceptance and recognition from various organizations both at home and abroad. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the First Quarter of
arrangements increased by Baht 827.8 million from concession rights of Krabi Solid Waste Power Plant and amortization during the period. Right-of-use assets increase by Baht 37.4 million from the adoption of
Group has adopted the new Thai Financial Reporting Standards (TFRS) no. 15, Revenue from contracts with customer. The adoption of TFRS 15 mainly affects the Group’s accounting treatment cause the Group
the adoption of the financial reporting standards regarding Financial tools for accounting, hedging and derivative accounting with the amount of 4.62 million baht and allowance for loss of trade and
retrospective method of initial adoption of which the cumulative effect is recognized as an adjustment to the retained earnings as at 1 January 2020, and the comparative information was not restated in Note 2 to
adoption. Investments in associates increased by 1,989.2 million baht, mainly from an investment in associated company, U-Tapao International Aviation Company Limited during the period. Property, Plant
million or 0.44% from end of 2019, mainly due to adopted TFRS9, TFRS 16 using the modified retrospective method of initial adoption of which the cumulative effect is recognized as an adjustment to the
as of 30th June 2020, which grew by 1% from THB 2,600 million as of 31st December 2019. The increase in the assets was largely due to the first-time adoption of Thai Financial Reporting Standards (TFRS