rating shall include the support credit rating assessed by the credit rating agency based on the tendency that such bank shall receive financial aids from the government if necessary. Clause 7 The
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
Consultant Company Limited on 11 October 2017, who are appraisers on the approved list of the SEC. They have appraised each plot as follows; Title deed number 72763 : 45,000 Baht per Square Wah. Title deed
represented the appraised value reviewed by the independent appraiser. Page 2 of 8 Singha Estate Public Company Limited Management Discussion and Analysis 3Q2019 In October 2019, SET announced that S was listed
Adjusted Book Approach method (Book value as of December 31, 2017 is THB 213.55 million) which was appraised by Phet Siam Appraisal Company Limited, an independent appraiser approved by the Securities and
project value at completion was appraised by Sasirachada Co.,Ltd. ** Recoverable amount as at the agreement date is calculated on the project value by cost approach at the shareholding proportion 80%. Basis
entitled to renew the lease for further 3 years of each lease period. The leased price is 240 baht per square wa per month), which is appraised leased price by GPV Global Properties Valuation Co., Ltd. (an
the companies’ shares have reasonably. Based on the implementation and the appraised value of land from independent appraisers. 9 . The opinions of Audit Committee and/ or directors different from the
Impact on Future Operating Results Due to the outbreak of the coronavirus disease 2019 (COVID-19), bringing about changing circumstances in business operations, by which the Corporate Group has assessed
COMASS’s ordinary shares has been mutually agreed by the parties based on the fair value of business of COMASS which is appraised by the discounted cash flow approach method and the operating result forecast