defect was caused by the Company’ s production process. However, the Company had set aside the reserve and recognized the cost of such product warranty in the amount of THB 178.69 million in 2018. If the
agreement after Phase 2-4 start to operate water distribution. The Company will purchase more GS’s share in the future from exisiting shareholder of GS 138,288 shares with a par value of Baht 100.00 per share
CONSTRUCTION ABBREVIATION & OUR PROJECTS Management’s Discussion and Analysis B.GRIMM POWER PUBLIC COMPANY LIMITED12 Disclaimer None of the Company makes any representation or warranty, express or implied, as to
rental and services which mainly derived from revenue generated from Outrigger group being acquired on 12 June 2018 as well as Crossroads project phase 1 officially opening on 1 September 2019. Moreover
the decrease in selling and administrative expenses but also the better performance of GPSC’s power plants especially IRPC Clean Power Phase 1 whose main customer returned to operate as normal from the
Transportation Project (Phase 1) started operations during the Q2/2019. And for the first six months of 2019, the growths of multi-products fuel transportation volume was increased by 0.5%(y-o-y). * Note: Total
previous year. It is as a result of the expansion of rental business since the end of 2018. The income from rental fee at Lumpini Township Rangsit-Klong 1 Phase 3 increases 80%. In 2020, condominium units in
and revenues from warranty of work. Cost of Construction The company and its subsidiaries’ cost of construction in 2019 was Baht 167.08 million, whereas Baht 17.54 million in 2018, increasing Baht
nearly the same, there is no significant change. Most of them are revenues from interests and revenues from warranty of work. Cost of Construction The company and its subsidiaries’ cost of construction in
term is 60 years. In order to guarantee that the Company will extend the lease term to WHART Trust when WHART Trust exercises the right under the promise, the it shall mortgage the leased assets to WHART