decreased from Q3-2016, representing decrease of 112.2 MB or 12.0%, because the reversal of doubtful accounts for long term receivables has been recorded in Q3-2016 -3- Financial Analysis of the company As of
or 6.70%. In Q3/2017, none of the projects will be completed and handed over. It will be the income recognition of the projects that are completed in the previous period. The Company has launched one
repayment of payables of solar energy and trade payables of the existing businesses. • Long-term borrowings from financial institutions rose by Baht 295.75 million due to the last drawdown of solar energy
% was the income recognition of the projects completed at the end of 2016. The Company launched 11 projects in 2017 with the combined value of 14,000 million THB. As of 31st December 2017, the backlog of
Limited due to competitors introducing similar model into the Thai Market since Q3 2019 2. Stopped interest income recognition on the loan to SGAH since Q2 2019 3. Loss on change in status of investment in
ฮ่องกงแห่งสาธารณรัฐประชาชนจีนและไทย (Mutual Recognition of Funds between Hong Kong Special Administrative Region of the People's Republic of China and Thailand (HK-TH MRF)) “หน่วยของโครงการจดัการลงทุน
from revenue recognition by % of completion of projects which were hired on 2016 – 2017 together new projects awarded on 2018 of 11 projects. The portion of each segment revenue of 2017 – 2018 as follows
reduction of 3.0% Q-o-Q and 9.5% Y-o-Y, while sales revenue in USD terms grew by 1.0% Q-o-Q but declined by 8.9% Y-o-Y. The lower revenue recognition in Baht terms was due to the strengthening Thai baht
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