the same period in 2016. This was due to the termination of the programmed co-production agreement before the due date at the beginning of 2016 but no revenue recognition from other business, which was

leasehold rights transaction was to reduce the cost of the Company incurred from the recognition of project cost since it entered into such lease agreement in 2014. Since then, Project MET has not started any

4 The objective of this termination of the leasehold rights transaction was to reduce the cost of the Company incurred from the recognition of project cost since it entered into such lease agreement

Bt613mn increasing 39% YoY mainly due to a revenue recognition of expired cash cards and other fines. Finance cost was Bt5,302mn increasing 25% YoY due to the deferred interest from spectrum licenses

enterprise solution following digitization trend. Revenue from interconnection charge (IC) and TOT partnership reported at Bt3,494mn, decreasing -18%YoY due to one-time revenue recognition in 3Q19 from the new

decrease of 47.0%, due to the recognition of share of loss from joint venture ‘s performance in during the year 2019 Equipment for lease of the Q4 – 2019 increased by 23.0 MB or 23.6 percent, due to the

-Café 2 Catering / Pop-up 3 4 1 Franchise Fee Income 4 • Revenue recognition of initial franchise fee • *Actual franchise fee recognized in Q4/2019 was THB 0.9 million Management Discussion & Analysis YE

, considering the debt that is in advance of the business group, the health and beauty that occurs will mean the revenue recognition that will occur. And will result in the group of companies have good

and satisfactory operating performance allowed KBank and K Companies to meet business targets and at the same time gain wide acceptance and recognition at home and abroad, as reflected in the numerous

million, comparing to Q1/2018, mainly due to the recognition of the operating results of Paju ES and an increase in the operating results of Quezon, CWF, KLU and GPG. On the other hand, those of BLCP, NTPC