fact that Mana Patanakarn Co., Ltd., the Company’s subsidiary company which do real estate development business, has transferred the ownership of houses and condominium rooms to the purchasers. 3.2 Cost
Group were able to recognized revenue consistently, due to the completion of 18 projects in the year 2017, and another 5 newly completed project transferred on March 2018 (KnightsBridge Tiwanon), and June
before business combination 341,325 Fair value of the consideration transferred 999,117 Less The company’s interests in the net identifiable assets (638,034) Goodwill 702,408 Cash paid as the consideration
transfer of The Ritz-Carlton Residences, Bangkok at MahaNakhon totaling of 94 residences in 2017 whereas the total residences transferred in 2016 were 24 residences, (2) gross profit from gourmet food and
recorded a total backlog 2 of THB 8,012.4mn, decreasing by 7.4% from THB 8,655.8mn as at end of 1Q18. The main reason of the decreasing was from unit transferred of The Lofts Asoke project since December
8,010.5mn, reducing by 9.7% from THB 8,869.9mn as at end of 2019. There was a decrease in backlog value of The Lofts Asoke and The Diplomat 39 due to unit transferred for revenue recognition during the year
subsidiaries as well as relocated South operation center to improve work efficiency. In terms of proportion to total revenues, operating and administrative expenses represented 42% of total revenues. Considering
popular with customers now. There are new customers from the referral of Page 2 from 5 existing customers and after the COVID-19 period, China has relocated production base to Southeast Asian countries. As
, while the company has adapted to the situation through several cost-saving initiatives. The Company’s part-time staff has been paused, while the full-time staff has been relocated to support delivery
management of residential projects • Residential projects that are completed and transferred to customers at 7 locations, namely ESCENT Rayong, ESCENT Chiangmai and ESCENT Khonkaen where all units have been