setting provision for deteriorated inventory based on product life which is based on the generally accepted accounting standards. (4) Liquidity and Capital Sufficiency The Corporate Group has appropriate
and has employed accounting policy for setting provision for deteriorated inventory based on product life which is based on the generally accepted accounting standards. - 9 - (4) Liquidity and Capital
every month and has employed accounting policy for setting provision for deteriorated inventory based on product life which is based on the generally accepted accounting standards. (4) Liquidity and
adopted Thai Financial Reporting Standards (TFRS) 15, Revenue from Contracts with Customers. The standard affects the accounting of handset campaigns which are contracted with price plans. Prior to 2019
Financial Reporting Standards 15, Revenue from Contract with Customers (TFRS 15) which was enforced on the 1st January, 2019. The Group adopted protocols from TFRS 15 by way of realizing cumulative effect
standard for leases under Thai Financial Reporting Standards 16 (TFRS 16). 1.2 Investments in Joint Ventures and Associates increased by THB 59 million primarily due to share of profit from investment in
several financial institutions. GFPT Group has adopted the new financial reporting standards which are effective in 2020 by the Federation of Accounting Professions that have been adopted for the first-time
with the Thai Financial Reporting Standards no.16 regarding lease agreements (“TFRS16”) which was effective since 1 January 2020. Notwithstanding, that the compliance to TFRS16 provided no significant
& accounting standards in 2020 by 1.25 Million, total comprehensive loss for the period of -2.63 Million and 3rd party dividends paid- out of a subsidiaries by 48.00 million baht. The equity of the company and
%, respectively. This gross margin had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level. However, the genuine gross margin in the second quarter