and increase the efficiency of the company and its subsidiaries. In 2020, the impact of TFRS 9 Financial Instruments about Reversal(Doubtful Accounts) is recognized for credit loss amounting to Baht
of TFRS 9 Financial Instruments by applying the Simplified Approach รn measuring the expected credit loss, the loss is expected to be incurred over the life of the debt and the loss is recognized since
0.83 million baht due to the auction for selling fans. In accordance with the Financial Report Standard No.15, the Company has to bring revenue from sales of goods recognized as income from the rental of
most recognized companies in the ASEAN Asset Class Award and achieved the highest average score of 103.83 points in ASEAN, reflecting their commitment to creating sustainable business value.“The SEC
accounting professionals across the country. Presently, Thailand is internationally recognized as a member of International Federation of Accountants (IFAC) while Thai accounting standards are in conformity
professionals and new generation teamwork and encouraging market participants to strive for internationally recognized self-regulatory status. In implementing the 4P?s Principle and moving toward the strategic
transaction for THB 44.8 mn under other income. • In 2Q19, the Company recognized a provision of employee benefit for retirement amount THB 116 mn, as well as a retroactive adjustment for GLAND amount THB 15 mn
instruments and cannot be compared with the financial statements of 2020. However, the cumulative effect of initially applying these standards is recognized as an adjustment to retained earnings as at January 1
discontinued of the operation has been recognized in the profit and loss statement 2 | P a g e Pace Development Corporation Public Company Limited 87/2 CRC Tower All Seasons Place, 45th Floor, Unit 4, Wireless
management assessed the agreement in accordance with TFRIC 12 ‘Service Concession Arrangements’. As a result, the Group’s management recognized revenue from construction under a concession arrangement in