development finished by the time specified in the JFin Coin White Paper and gradually write off the revenue recognition. Such of accounting records will be depending on the accounting standard in the future. J
addition, sales of Municipal Solid Waste Power Plant increased by Baht 49.8 million or 69.7% from revenue recognition of Municipal Solid Waste Power Plant in Krabi which started its commercial operation on
which increased by Baht 66.0 million as the result from revenue recognition of biomass power plant in Khlong Khlung, Kamphaeng Phet Province which started its commercial operation on 26 November 2021
of investments in associated companies and the result of associated companies’ delayed revenue recognition due to the delay in delivery of work. Consequently, in 6M2023, share of loss of investments in
recognition due to the delay in delivery of work. Consequently, in 9M2023, share of loss of investments in associates was THB 2.01 million, decreased from share of gain of investments in associates of THB 2.85
of 63.6% YoY or THB 354mn. The increase was mainly from (i) full year recognition of finance expenses related to the hotel business in Europe and (ii) recognition of finance costs associated with
recognition of reversal of provision from deferred difference debt restructure and recognition of gain from debt reduction by creditor after partially repayment of debts. Whilst the non-current liabilities
Reporting Standards 16 Leases (TFRS 16) since 1 January 2020 caused a lower net profit by Baht 6.3 million, mainly due to higher depreciation and interest expenses recognition. The Company has not yet
appreciation. Shareholders’ Equity Shareholders’ equity attributable to the Bank as of December 31, 2017 amounted to Baht 401.7 billion, an increase of Baht 22.7 billion or 6.0 percent from the end of 2016, due