Thai Financial Reporting Standards No. 16 re: Lease Agreement for the first time adoption (“TFRS 16”) starting from 1 January 2020, using the cumulative catch-up approach without retroactively adjusting
and starting petrol kiosk business. 6 Forth Smart Service Public Company Limited (FSMART) 1Q2020 Management Discussion and Analysis the Bt400-600mn lending amount (with 12-36 months installment contract
Agents (MAs), sub-agents, MAs’ employees, and FSMART affiliated companies’ employees. • Expanding distribution business to mom-and-pop shops and starting petrol kiosk business. 6 Forth Smart Service Public
low risk. The management of the company is expecting to start realize the income in the 3rd quarter of 2020, and will realize the income of all projects all projects starting 4th quarter of 2020. 8.3
, 14 Mega Home stores and 6 HomePro stores in Malaysia. Starting 1 January 2020 onward, the Company has adopted TFRS 16 Leases, using the modified retrospective method of adoption under which the
with a minimum guarantee of THB 175mn per quarter starting in July 2020. o On 11 August 2020, MACO’s Board of Directors approved the adjustment of minimum guarantee under the aforementioned Agreement for
for Boonterm kiosk’s Master Agents (MAs), sub-agents, MAs’ employees, and FSMART affiliated companies’ employees. Expanding distribution business to mom-and-pop shops and starting petrol kiosk
ownership of the ESSE Asoke starting from Dec’2018 and Banyan Tree Residences, 2018 residential revenue was 3,974 million Baht, increased 66% YoY. As of 31 December 2018, the Company’s residential projects
revenue over 30 years starting from 1Q19. Additionally, the Company also invested in 20% shareholding in SPRIME amounting to THB 893.5m and would be eligible to receive dividend accordingly. Significant
measure of the Government Housing Bank to fix the interest rate for 1-5 years, starting on 22nd October 2019 until 24th December 2020. As a result of such measures, the sale and ownership transfer target of