1.78 times in 2017 due to the reduction of the account payables which was lower than the reduction of the shareholder equity to be mentioned in the next item. Shareholders’ Equity As ended June 30, 2018
launch Electronics Know Your Customer (e-KYC) service for next year. As a result, the revenue structure of the Company is more diversified. Furthermore, the Company plans to expand the customer bases from
value of the projects after deducting the value recognized of over than 1.7 Billion Baht. The Company is aiming to sell and develop the projects as planned in the next 1 – 2 year later. In addition, the
profit being generated in this quarter. The media is now fully booked until the first quarter of next year. MANAGEMENT DISCUSSION & ANALYSIS 3Q 2019 6 NOV 2019 MASTER AD PUBLIC COMPANY LIMITED 2 13 May
develop and transfer the remaining units within the next 1-2 years. Moreover, it is in the interest of The Company in pursuing with property development projects that aligns to the cash flow of The Company
by THB 41mm (73%) from the undertaking of larger and longer-duration project size of which majority of the increase is from contract asset which most of the payment term is for the next quarter Cash
amount going to reduce by portion of next milestone’s payment follow by contract. However, Service income received in advance and Advance received from construction contracts were reduced by Baht 205.18
เอ็น.อี.เอ็กซ.์ที จ ากดั (“NEXT”) โดยการเขา้ท ารายการดงักล่าว บริษัทจะจ่ายช าระเงินสดมลูค่า 40,000,000 บาท (“ราคาซือ้ขาย”) ใหแ้ก่ NEXT เพื่อเขา้ซือ้ทรพัยสิ์น และสิทธิในการด าเนินธุรกิจส่ือโฆษณา และอุปกรณ์ ที่เก่ียว
from 1.04 times as of 31 December 2019. With the Company’s target revenue from residential real estate projects of THB 10,000 -12,000mn per year within the next 5 years, the Company expects this ratio
received from construction contracts total of Baht 175.86 Million which were advanced received from customers. And these amount going to reduce by portion of next milestone’s payment follow by contract