: From 1 January 2019, the new Thai Financial Reporting Standard in relation to revenue recognition (TFRS 15) has been applied to GHECO-One which resulted Gheco-One to levelize the AP over the contract
investment while the Company and its subsidiaries have been continuously affected by the economic slowdown in Thailand in the current year. The sales volume is therefore below the volume of the same quarter of
been all paid up in this quarter. Net Profit In 2019, the Company had consolidated net profit of THB 59.9mn, an increase of THB 56.9mn, or 1,896.6% YoY, from the net profit of THB 3.0mn in 2018. Net
Project" of the Securities and Exchange Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between the two
some countries having been restricted under the Lockdown policy from their governments such as India therefore the Company could not deliver the products to them. For domestic, it caused by the customers
service when the situation permits. The Office business has also been slightly affected from COVID-19, while the projects under development continue to move forward. The Company has confidence that this
Development are on track. As of 30 June 2020, the construction of The Unicorn was 18% completed. Restoration plan for the Customs House or the Roi Chak Sam has now been approved by the Fine Arts Department. For
Governance Project" of the Securities and Exchange Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between
million Baht or 37.27% of Property, plant and equipment decreased amount of 451.16 million Baht or 69.52% Because the ownership of the land and buildings has been transferred In order to pay the debt of the
relation to revenue recognition (TFRS 15) has been applied to GHECO-One which resulted Gheco-One to levelize the AP over the contract period rather than the front-loaded AP received from EGAT according to