entered to Assets Sell Purchase Agreement on Pace Project One Co., Ltd and Pace Project Three Co., Ltd to King Power Mahanakorn Co., Ltd with the total value of not exceeding 14,000 million Baht; in the

concession arrangement in accordance with percentage of completion of the fair value of assets. The Group’s management also recognized cost of construction under a concession arrangement at actual cost

. Analysis of statement of financial position 3.1 Analysis of assets As at June 30, 2020, the total assets were THB 105,446.18 million, increasing by THB 5,216.75 million or 5.2 percent from THB 100,229.43

measured at an amount equal to lifetime ECLs. ECLs on these financial assets are estimated using a provision matrix based on the historical credit loss experience, adjusted for factors that are specific to

For the 1st Quarter Ended 31 March, 2020 Page 8 3. Analysis of statement of financial position 3.1 Analysis of assets As at March 31, 2020, the total assets were THB 103,448.31 million, increasing by

Baht, which is calculated to be 0.049 of the Company’s Net Tangible Assets (NTA) 5. RAW WATER BUSINESS Raw water revenue in Q1/2020 was 710.74 million Baht, increased by 14.86 million Baht or +2.14

the implementation of leave without pay policy. 13.5% 19.1% 19.7% 7.1% -9% Management Discussion & Analysis Q4/2020 Total Assets Total Liabilities and Equities (THB million) Total Assets As of 31 Dec

Concession Arrangements’. As a result, the Group’s management recognized revenue from construction under a concession arrangement in accordance with percentage of completion of the fair value of assets. The

revenue from construction under a concession arrangement in accordance with percentage of completion of the fair value of assets. The Group’s management also recognized cost of construction under a

1,132 1,194 1 2 Total Assets Total Liabilities and Equity Cash and Cash Equivalent Land, Property and Equipment Other Current Assets Other Non- current Assets Equity Current Liabilities Non-current