offsetting a decrease in property, plants and equipment of THB 199 million since all the capacity expansion investment were completed while the depreciation expenses rose for the period. Liabilities
subsidiary, completed the construction of a natural gas power plant in Chachoengsao and started selling electricity to the Electricity Generation Authority of Thailand. The Group assessed the Power Purchase
scheduled for the completion in the third quarter of 2021. The acquisition was completed on April 17, 2020. 2. Business overview EGCO Group have invested in the Power Producer (PP), Independent Power Producer
% completed and The Customs House or the Roi Chak Sam project was on the Fine Arts Department submission process for approval. For the Verso International School, the construction of Phase 1 is expected to be
and expect the construction to be completed and the scheduled commercial operation date to take place within year 2023, pursuant to the resolution of the Board of Directors’ Meeting No. 3/2020 dated 25
contracted to the Manila Electric Company (MERALCO) pursuant to a 20 years power supply agreement which is extendable for up to an additional 5 years. Construction works of the project was completed and its
completed. 4 Cost of sales and service Cost of sales and service for the period ended 30 September 2020 and 2019 are presented below: Q3-2019 Q2-2020 Q3-2020 9M-2019 9M-2020 Change THB Mn THB Mn THB Mn %QoQ
from its large projects. Contract assets decreased by 390.4 MB, representing a decrease of 29.9% because at the end of the year 2021, an invoice was issued for the completed project and delivered. As a
arrangement transaction. The construction was completed. As a consequence, there is no any further revenue from construction under a concession arrangement recognized. Cost of sales and service Cost of sales