million THB from 2017. It is the income recognized from 11 projects completed in 2018, 54% of which is recognized from sales of the projects and 46% from the liquidation of ready-to-move-in projects

2018’s Baht 846 million. This is mainly due to most major contracts being completed and recognized within 2019. The 2019 total other income is Baht 62 million, an increase of Baht 27 million from 2018’s

and existing completed projects. - Revenues from hotel operations in Q1/2018 amounted 78.97 million baht slightly increased by 5.82 million Baht or 7.96% from 73.15 million baht in Q1/2017. - Others

heart of the city once again in 2017 and the feedback was positive. The first three projects will be completed at the end of Q3 and Q4 this year with the combined value of 5,400 million THB. The units

projects completed and sold in Q3/2018 (there was no project completed in Q3/2017), 8% was recognized from projects completed in the previous quarter and 52% was the sales of the ready-to-move-in projects

Company Limited, has already completed the construction of buildings and set up all equipment. Depreciation has to be fully recognized. Revenue recognized in the second quarter was not enough to cover such

–2018 to Q4–2017, it had changed slightly, although the rate of decrease in revenue in Q1–2018 was quite different from Q4–2017. This is because in Q4-2017, revenue was recognized the projects that their

recognized the revenue by completed segment but not yet completed which those reached the invoice. As a consequence, trade receivables decreased, resulting in an increase unbilled receivables. Unbilled

mainly from ready to move-in projects while there were 3 low-rise projects, Maestro 03 Ratchada-Rama9, Maestro 14 Siam-Ratchathevi and Maestro 01 Sathorn-Yenakat, completed and started transfer in Q2/2018

associate since the investment amount has been sold out to the company’ s major shareholder since June 2016 and the captioned loss was recognized from the aforementioned sold out of Baht 0.02 million in the