% 652 4.2% Selling expense 11,890 18.8% 12,285 23.0% (395) (3.2%) Administrative expense 4,911 7.7% 4,043 7.6% 868 21.5% Share of profit of associates and joint ventures 79 0.1% 28 0.1% 51 185.5% Profit
progressed 69.23% (The construction plan was 76.63%). The commercial operation date is scheduled in the second quarter of 2022. Page 3 1.2. Additional Investments in Joint Ventures - On December 19, 2019
Ventures which can be categorized into 2 businesses: 1. Power Generation 1.1 Local power generation Gulf Electric Public Company Limited (GEC) Holding Co. Gulf Cogeneration Co., Ltd. (GCC) SPP Nong Khae
profit of associates / joint ventures 1,480.64 1,081.13 399.51 37.0 Other incomes 101.13 153.20 (52.07) (34.0) Total revenues 4,506.78 4,043.99 462.79 11.4 Cost of sales and rendering of services
ventures 71.7 102.6 (30.9) (30.1)% Property, plant and equipment 109.4 128.6 (19.2) (14.9)% Equipment for Lease 97.6 149.3 (51.7) (34.6)% Advance withholding tax 12.8 - 12.8 100.0% Total Assets 4,272.8
15.3% Administrative Expenses (34.5) (8.4) 308.8% Finance Costs (76.9) (93.7) -17.9% Share of Profit from Investments in Associates and Joint Ventures 339.2 659.2 -48.5% Income Tax Expense (6.3) (6.8
deferred revenue amounting to THB 2,100.6 mm to statement of comprehensive income for this period. • Share of profit from power associates and joint ventures decreased by 53.0%, mainly due to the planned
of lower utilization rate; and 3) higher finance costs due to higher borrowings as a result of previous investments in machinery, subsidiaries, and joint ventures. However, there is an improvement
services (excluding Fuel Cost) 1,554.21 1,723.91 (169.70) (9.8) Revenue from financial leases 885.23 1,056.21 (170.98) (16.2) Share of profit of associate entities and joint ventures 845.82 526.70 319.12