discontinued of the operation has been recognized in the profit and loss statement 2 | P a g e Pace Development Corporation Public Company Limited 87/2 CRC Tower All Seasons Place, 45th Floor, Unit 4, Wireless
percent of total shares. As for the accounting year ended 31st March 2018 and 2017, the company and its subsidiary recognized share of profit by equity method of Baht 1.44 million and Baht 1.66 million
2019, the Company and its subsidiaries recognized profit sharing to minority shareholders according to the percentage of its shareholding in full year which was amount by 57.11 million, decreased from
2019, the Company received dividend from its subsidiary company which recognized in other revenue of the separate financial statements totaling of Baht 4.39 Million. 3. Adminstrative expenses On 2019
by Baht 13.1 million or 174.4% YoY. This was mainly due to tax benefits of Baht 14.0 million recognized in Q1/2019, while the Company has not yet started another tax benefits approximately Baht 70.0
. As a result, the Company recognized gain on bargain purchase from such transaction in the amount of THB 269.92 million. 2.7 The effect of exchange rate of the Company and its subsidiaries In the year
million in 9M19 increased by 66.7% yoy from investing in Elite Havens in late 3Q2018. • Loss sharing from investments The Company recognized loss sharing from investments in hotel management business of
280 million in 9M19 increased by 66.7 % yoy from investing in Elite Havens in late 3Q2018. Loss sharing from investments The Company recognized loss sharing from investments in hotel management
shutdown in June 2019. Due to dramatically decreasing of palm oil price from 22.00 Baht/kg at end of 2Q/2019 at to 15.25 Baht/kg in mid of July 2019, the company recognized Stock Loss & NRV of THB -86
Baht 71 million. In addition, the Company recognized goodwill from acquiring LQSF of Baht 213 million. Liabilities As at 31 December 2018, the Company and its subsidiaries had total Liabilities of Baht 3