maintenance projects. Investment in joint venture increased 27.1 million baht or 35.9 percent due to the increase in investment of Genesis Company Limited during the year 2017 decreased by recognizing the share
Development Co.,Ltd, Knightsbridge Prime Ratchayothin and Knightsbridge Collage Ramkhamhaeng, which has presale more than 93% of the total project value, 3,700 million baht, which recognizing profits of joint
Financial Reporting Standard No. 16 : Lease (TFRS 16), effective 1 January 2020, has impacted the Company and its subsidiaries’ financial statement in recognizing a right-of-use asset and a lease liability in
year. Main drivers of the growth rate were letting out the space at Singha Complex after its construction completed in 4Q18 and recognizing part of unearned revenue from 30-year leasehold right of office
1st 2020. All operating lease contracts, with limited exceptions, were recognized on the balance sheet by recognizing right-of-use assets and corresponding lease liabilities at the transition date. In
” and “Nimit Langsuan” projects and the expansion of DEAN & DELUCA in the United States. Meanwhile, the Company has continued to pay back the loan for “MahaNakhon” project since it started recognizing
Group’s other income decreased from THB 42.5 Mn to THB 41.7 Mn respectively, a decrease of THB 0.8 Mn or 2.0%. This decrease was mainly due the Group recognizing THB 17.3 Mn other income in the 2nd quarter
continued to pay back the loan for “MahaNakhon” project since it started recognizing the revenue in April 2016. Profit and Loss Results In Q2 2017, the Company had net profit of 5,492.5 Million Baht or 213
are trade payables, mostly for equipment, service and sub- contractors costs in projects. Unbilled Payables Unbilled payables incur when the invoice from vendors is not placed when recognizing its
for “MahaNakhon” project since it started recognizing the revenue in April 2016. Profit and Loss Results In Q2 2017, the Company had net profit of 3,915.3 Million Baht or 152% of total revenues