residential condominium units in the statement of comprehensive income when the real estate project has been completed and transferred to the customers. MahaNakhon Project: The Company sold 4 residences of the
NTA Company Cannot be calculated because it is the acquisition of real estate assets. 2. Net profit criteria Net profit from operations of assets to be acquired Company net profit Cannot be calculated
% 45.9% 49.5% 53.2% GPM before adjustment with PPA/1 82.3% 51.5% 57.3% 54.8% /1 Excluding accounting impact of Purchase Price Allocation (PPA) Income from sales of real estate during 3 months ended the
% compared to 2016. Mana Patanakarn Company Limited, the real estate development company, has completed the construction of condominium “Aspen Condo” phase A and was able to transfer the right of ownership to
had less total assets than corresponding period last year at amount Baht 53.79 million or 4.59% which consisting of Costs of real estate development projects for sale, deposit for land held for
has invested in the real estate business in August 2019, which is the beginning period of the business operations, resulting in operating losses. The company expects to recognising revenues and costs in
nearby real estate. 9. Opinion of the Audit Committee and/or the Company)s Directors which is different from the Opinion of the Board under Item 8. : - None - Please be informed accordingly. Very truly
Company’s subsidiary company which do real estate development business, has started to transfer the ownership of condominium rooms at Aspen Condo to the purchasers. . . 3.2 Selling and administrative expenses
effective marketing team and proficiency in real estate development market which is suitable with the format of the project. Hence, the consideration from the disposal of shares would be funds for Prime-A
Acquisition and Disposition of Assets, 2004. However, the Company would like to disclose such information because the Company has informed the shareholders that the Company has acquired this land for real