management assessed the agreement in accordance with TFRIC 12 ‘Service Concession Arrangements’. As a result, the Group’s management recognized revenue from construction under a concession arrangement in
expenses of new outlets (i.e. Hat Yai, Chachoengsao, Rayong and Diana branches) particularly personnel and marketing expenses which relatively high during the opening period. Also, the Company recognized
15.53 % decrease since some of loan repayments have been made upon their due date. Share of Loss from Investment in Associate In this captioned quarter, there was no any share of loss from investment in
completed. On the other hand, there are many projects which has been signed and some projects are pending for contract signing which revenue will be recognized in the second quarter of 2020. The cause of
loans with commercial bank amounted Baht 250 million for acquisition the subsidiary business. Such loan calculated fixed interest rate at 3.75 per year for the first-five year loans and after that will be
acquisition the subsidiary business. Such loan calculated fixed interest rate at 3.75 per year for the first-five year loans and after that will be calculated MLR rate at 2.1 which the due payment for the
projects. 3. Finance costs The Group has financial costs during on Q2/2020 increased totaling of Baht 3.06 Million, compared to same period of last year. Due to short-term loan from a financial institution
–2018 to Q4–2017, it had changed slightly, although the rate of decrease in revenue in Q1–2018 was quite different from Q4–2017. This is because in Q4-2017, revenue was recognized the projects that their
the company increased its flexible packaging production line, in Q2/2017 the revenue from flexible packaging was recognized and the sale on plastic sack also increased. For other income, the company had