%, compared to the same period of last year. As the Company recorded deferred revenue from selling assets to WHA Business Complex Freehold and Leasehold Real Estate Investment Trust (“WHABT”) on 6 November 2015
decrease. Also, device subsidy recognized as marketing expense will be capitalized as contract assets and amortized against the service revenue over the customer contract term. b) On balance sheet, there
would increase and service revenue would decrease. Also, device subsidy recognized as marketing expense will be capitalized as contract assets and amortized against the service revenue over the customer
factories during 2019 was THB 1,001.3 mm, which decreased by 9.2% from the same period of previous year, due to having no office rental revenue of WHABT assets in 2019. However, if excluding the impact from
ratio of 0.57, decreasing from previous year, as a result of the reduction in current assets from collection of unearned revenue and other receivables of Bt130.07mn. Debt to equity ratio was 2.13
% decline. Net profit margin also experienced a moderate decline from 23.82% to 22.87% as a result of falling overseas sales revenue. Financial Position Total Assets As of 30 June 2018, the Company’s total
, which decreased by 12.7% mm from the same period of previous year, due to not having revenue recognition of the assets which’ve sold to WHABT. However, if excluding the impact from WHABT, the normalized
Deferred Revenue Item Deferred Revenue Item = Deferred revenue from assets monetization to WHABT in 2015 which recognized in the first quarter of 2019 as a result of accounting standard adjustment (TFRS 15
in late 2018. Depreciation and amortization expenses of THB 87 million decreased by 15.9% yoy from fully depreciated of assets under Dusit Thani Bangkok. Education Business In 2Q19, revenue from