Street English”. The revenue from English language school is recognized according to the international accounting standard which recognizes revenue gradually according to contracts period entered into
found that the increased rate of cost was 85.0% while the increased rate in revenue was 73.4%. As a result, many large-scale projects which were recognized revenue during the nine-month period of the year
result from the company increased its flexible packaging production line since Q2/2017, in Q1/2017 the revenue from flexible packaging had not yet recognized. For other income, the company had other income
period of 2017. This is the result of loss from investments in an associate and a joint venture, recorded in the income statement by using equity method. However, the company has fully completed the
investments in joint ventures (37.87) - - - (37.87) - Finance costs (101.22) (76.74) - - (101.22) (76.74) SHARE OF LOSS OF INVESTMENT IN JOINT VENTURES ON EQUITY METHOD (2.62) (11.51) - - (2.62) (11.51) GAIN
(7.83) (45.50) Income tax 0.34 0.15 0.33 0.14 0.19 135.71 Profit for the year 12.72 19.04 9.71 17.35 (7.64) (44.03) Profit attributable to: Equity holders of the parent 12.66 Non-controlling interests
same period 2016. The estimated loss that may incur on the sale of this Investment was recognized as loss on impairment of the investment in the current period’s Financial statements of Baht 46.91
recognized on the basis of impairment loss on investments amounting to 46.92 million baht and valuation of impairment loss on general investments amounting to 0.84 million baht. The consolidated statement
operations increased by Baht 84 million which is in line with the higher hotel revenue. • Cost of property development operations decreased by Baht 224 million as less property sales were recognized during the
increase of 1,700 million baht in gross profit. 3. In 2017, the Company recorded gain on change in shareholders’ equity of an associate in an amount of 1,135 million baht. It came from the issuance of 7,545