Limited Management Discussion and Analysis for the First Quarter Ended 31 March 2021 Page 4/19 In 2021, the Bank of Thailand projected the Thai economy to grow by 3.0% (as of March 2021). However, the
disclosed, state the extent to which projected sales or revenues are based on secured contracts or orders, and the reasons for expecting to achieve the projected sales or revenues and profit, and discuss the
properties: GLAND adopted the fair value model, thus records the gain on fair value adjustment of investment properties, whereas CPN adopted the cost model. As both models are accepted in the Thai Financial
recognized a provision of employee benefit for retirement amount THB 116 mn including GLAND retroactive adjustment amount THB 15 mn which are classified under administrative expenses. • In 1Q19, CPN sold a
”) TFRS9 – Immaterial impact to financial position and statement of comprehensive profit and loss. TFRS16 – Impact to financial position which was one-time adjustment in 1Q20. Impact to statement of
to determine reasons for the issuance of newly issued ordinary shares to accommodate the adjustment of the exercise price and/or the exercise ratio of the Warrants, the authority to perform any
million Baht, and from the adjustment of the market value of the stocks invested in the Stock Exchange of Thailand which was not the actual profit decreased 61.58 million Baht. 3.2 Analysis of financial