equity method -0.2 0.0% -0.3 -0.1% -0.2 101.9% Profit (loss) before income tax expense -57.5 -8.9% 29.9 4.9% 87.4 - Tax expense (income) -13.3 -2.1% 1.4 0.2% 14.7 - Profit (loss) for the year -44.2 -6.9
statements from cost method to equity method applying Thai Accounting Standard no.28 (TAS 28): Investments in Associates and Joint Ventures, 1 January 2020 retrospectively (full retrospective approach
opened on 1 September 2019. Nevertheless, the Company adopts equity method of accounting for Jupiter hotels totaling of 29 hotels with 3,115 keys; consequently, performance of Jupiter hotels will be
of losses in equity method in the joint ventures during the year. Investment in related parties increased 85 million baht or 100 percent due to the Investment in shares from the capital increase of
business, and are instead accounted for using the equity method, pursuant to which the Company receives a share of profit or loss from the investment in the joint venture. As of 30 June 2019, the Self
Portfolio, operating under a joint venture, are not consolidated within the Company’s hospitality business, and are instead accounted for using the equity method, pursuant to which the Company receives a
equity method of accounting for Jupiter hotels totaling of 29 hotels with 3,115 keys; consequently, performance of Jupiter hotels will be reported under share of gain/loss from investment in joint ventures
[diversification] via investment in Outrigger represents investment thesis of the Company. Nevertheless, the Company adopts equity method of accounting for Jupiter hotels totaling of 29 hotels with 3,115 keys