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
from the backlog had been recognized in Q4/2020. Moreover, the sales campaigns at the beginning of the year are not well-received as usual as a consequence of the COVID-19 pandemic. Regarding the income
management assessed the agreement in accordance with TFRIC 12 ‘Service Concession Arrangements’. As a result, the Group’s management recognized revenue from construction under a concession arrangement in
negotiation between the Company and the Seller and took into account the fundamental intrinsic value of the assets and business based on historical and potential earnings and cash flow of the business. It has
, however, the subsidiaries have not yet started their operations. (8) Share of profit (loss) from investment in associated company and joint ventures In 2017 , the Company recognized the loss sharing from
the three-month and nine-month period ended 30 September 2019, the Company recognized the profit from investment in joint venture of Baht 3 million and Baht 10.87 million, respectively. 2. FORTUNE-PARTS
associate since the investment amount has been sold out to the company’ s major shareholder since June 2016 and the captioned loss was recognized from the aforementioned sold out of Baht 0.02 million in the
Company recognized dividend income from long-term investment amounting Baht 32.34 million during the period. Sales electricity and services for the six-month period ended June 30, 2019 reached Baht 190.83
the capital invested in the subsidiary, SSK, at the cost price where the term of the payment of share price is limited within 2.5 years. The Company, therefore, recognized the loss from the calculation
completed. On the other hand, there are many projects which has been signed and some projects are pending for contract signing which revenue will be recognized in the second quarter of 2020. The cause of