-Café 2 Catering / Pop-up 3 4 1 Franchise Fee Income 4 • Revenue recognition of initial franchise fee • *Actual franchise fee recognized in Q4/2019 was THB 0.9 million Management Discussion & Analysis YE

, considering the debt that is in advance of the business group, the health and beauty that occurs will mean the revenue recognition that will occur. And will result in the group of companies have good

capacity for exports. The expansion has started operation since August 2019, and the impacts on financial statements from the recognition of depreciation expenses of the mentioned assets has started to be

rapid increase of the number of Internet users; and the growing recognition of these media as effective advertising and marketing tools. Within the OOH media landscape, the trend has shifted from the sole

revenue decreased by 5.3% from 3Q17 due to a decrease in revenue from Education Business and revenue recognition from leased right assignment in the same period last year. Earnings before Interest, Taxes

30, 2019, the company has received returned on doubtful accounts amount of 2.79 million Baht, which is the whole amount of trade account receivables. In this period, there's no recognition on allowance

recognition according to TFRS 15 will be realized once the business has accomplished its obligations. Therefore, the Company restated its financial statement as of the 1st January, 2019, with effect of the

tax exemption for Insurance compensation, partially offset with the recognition of previously unrecognized tax. 10. Total adjustment to earnings, pre-tax was THB 3,359 million for the year ended

short-term loans from financial institutions in the amount of 293.55 million baht as working capital for the business and recognition of liabilities under lease agreement in amount of 82.10 million baht

recognition from share of loss from SDWTP, resulting from higher depreciation, lower sales volume and the delay in the construction of pipeline expansion to connection points of water distributors due to the