Business 4/ Business CMC operates 3 main businesses as follows.1. Residential property development business includes condominium, townhouse, townhome and single detached house, focused mainly on condominium

, primarily due to fair value adjustments on investment property at THB 794m realized in 9M18. For 3Q19, the Company reported total revenue of THB 3,520m, grew by 94% YoY. 275% growth in revenue from sales of

), Investment Property The Company changes the measurement of the investment property from cost model to fair value model retrospectively (full retrospective approach). Changes in accounting policies: Thai

Business Rental Property Board of Directors 1. Mr. Chirasak Chiyachantana 2. Mrs. Sangsri Chiyachantana 3. Mr. Chiraphol Chiyachantana Shareholders 1. Western University 2. Mrs. Sangsri Chiyachantana 3. Mr

shares in other companies (Holding Company) which engage in the property business whereas the Company has agreed to accept the transfer of all assets and liabilities of UE as of the entire business

Property depreciation Rental and service fees Therefore, the return on assets and the return on equity of the group of companies is not good compared to the previous year. 6.3 Financial policy ratios The

the EBT of UE, which was funded by a capital increase via issuance of preferred shares in the first quarter  Net debt to equity ratio as of 30 September 2018 stood at 0.53x, an improvement from 0.93x

, including property tax of THB 64mn and loan repayment of THB 12mn. Total equity was THB 13,113mn, increasing by THB 7,188mn or 121.3%, due mainly to an increase in share capital received in advance from

and Other Receivables of Baht 590.6 million despite an increase in Cash and Cash Equivalents of Baht 1,018.7 million, Net Property Plant and Equipment of Baht 523.8 million and Right of Use (TFRS 16) of

in the provinces), 28 food courts, 7 office towers, 2 hotel properties, 1 residential property (totaling 11 units), and 2 real estate properties for sale (totaling 819 units), which includes the