million whereas Baht 0.72 million in 2017 showing an increase of Baht 1.87 million or 259.72 % increase. The 79.15% of the income was mostly gained from the reverse of provision for warranty maturity that
defect was caused by the Company’ s production process. However, the Company had set aside the reserve and recognized the cost of such product warranty in the amount of THB 178.69 million in 2018. If the
CONSTRUCTION ABBREVIATION & OUR PROJECTS Management’s Discussion and Analysis B.GRIMM POWER PUBLIC COMPANY LIMITED12 Disclaimer None of the Company makes any representation or warranty, express or implied, as to
presentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or
and revenues from warranty of work. Cost of Construction The company and its subsidiaries’ cost of construction in 2019 was Baht 167.08 million, whereas Baht 17.54 million in 2018, increasing Baht
nearly the same, there is no significant change. Most of them are revenues from interests and revenues from warranty of work. Cost of Construction The company and its subsidiaries’ cost of construction in
and warranty cost from service agent. Total shareholders’ equity as at 31 December 2017 was Bt1,334mn, increasing 12.8% compared to total shareholders’ equity as at 31 December 2016, mainly from net
operate in the future and are not a guarantee of future performance. Such forward-looking statements speak only as at the date of this document, and the Company does not undertake any duty or obligation to
are not a guarantee of future performance. 2019 and 2021 projections are based on historical 2017-2018 performance and management forecast. The predicted volume is based on legacy and new assets already
B.GRIMM POWER PUBLIC COMPANY LIMITED 12 Disclaimer None of the Company makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this