transaction: 3.1 On the use purpose of warehousing the company’s finished products, Vanachai Woodsmith Company Limited has a warehouse service contract in 2,688 square meters, and the location is at 8/3, Moo 8
also resembles, while we will continue to improve on our journey to zero injuries. Operationally our continued focus on quality and services resulted in recognition from our customers in the form of
terms, economic benefits and the period in which the company should receive in accordance with the terms of the current contract, comprising of Chelsea Football Club Limited (CFC) and English Football
a significant factor that may impact our selling expenses in the following periods is the recognition of sponsorship expenses for English Football League based on terms and conditions as agreed among
event for official launch of Carabao Cup held in the United Kingdom. Note that a significant factor that may impact our selling expenses in the following periods is the recognition of sponsorship expenses
to its turnkey business, the revenue recognition is performed based on percentage of completion method which may deviate from the payment plan according to the contractual conditions. As a result
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
: From 1 January 2019, the new Thai Financial Reporting Standard in relation to revenue recognition (TFRS 15) has been applied to GHECO-One which resulted Gheco-One to levelize the AP over the contract
from the water supply contract from subdistrict administrative organization in Tambon Mai- Khao ,Amphoe Thalang, Phuket with Hydro Enterprise & Aqua Design company Limited (HYDRO), subsidiary of GS in
recognition from commercial building which had higher gross profit margin. Selling & Administration expenses The Company and its subsidiaries had SG&A for the first quarter ended March 31, 2019 amounting to