assessed the impact from such delay in project completion. In relation to this project, there were unbilled contract revenue amounting to Baht 57 million, which the collectability are directly affected by
–2024. Contract liabilities decreased by 42.5 MB, representing a decrease of 13.1%. This is because revenue from projects that previously received advance payments was recognized based on the completion
estimation of cost causing loss in such project due to various factors i.e. change of materials suppliers causing higher cost, extension of contract causing higher fixed cost as well as its underestimate cost
from construction contracts which are defined output by using the percentage of completion method. Moreover, due to the impact of COVID-19 pandamic leads the Group’s revenue reducing from sales plan of
statements Standalone financial statements 2018 2017 2018 2017 Transactions with subsidiaries (eliminated from the consolidated financial statements) Rental income from billboards - - 1,435 3,613 Contract rate
completion (the extension is included) 2. Involved Parties Contractor : the contractor will be selected and signing the contract after finishing the compilation of building construction blueprints. There is no
support the business expansion in Si Racha district, Chonburi province. After the completion of the transaction, CPN will hold 65% ownership in Dara Harbour Co., Ltd. Establishment of a Joint Venture for
construction works. Under this method, the revenue recognised is based on the latest estimate of the total value of the contract and actual completion rate determined by reference to the physical state of
39.80 Million Baht, or or 10.63%. The main reason of revenue growth resulted from revenue recognition by percentage of completion of projects which were hired on 2017 – 2018. Since 1st January 2019, the
to KPSG in order to acquire all of KPPH’s shareholding, and KPPH shall become 100% owned subsidiary of CCPH upon completion. Purpose of Amendment To reduce potential taxable risks from Philippines side