determined that commission paid to obtain a customer contract should be recorded as an asset and amortized to expenses on a basis that is consistent with the pattern of revenue recognition. Under the previous

. The Company recorded interest expense from the MRT Purple Line Project in the second quarter and the six-month period of the year 2020 in the amount of Baht 75 Million and 151 Million, respectively

7 to July 28, 2020. (2) Cost of sales of RCO increased due to the acquisition on October 1, 2019. 2.2.2 The effect of fair value adjustment of derivatives The Company recorded the effect on fair value

million, or 16.5 percent. The significant transactions were as follows: 2.1 The effect of exchange rate of the Company and its subsidiaries In the 1st quarter of 2020, the Company recorded loss on foreign

, which were recorded as interest expenses in the income statement after the opening but were recorded as cost of construction in the second quarter of the previous year according to accounting standard

o Advertising revenue decreased by 5.5% to THB 261mn o System integration services revenue was recorded at THB 428mn • EBITDA increased by 22.2% to THB 109mn • Net profit from operation decreased by

, the Company recorded gain on foreign exchange of Baht 38.03 million. The main reason was from loan to related parties in AUD currency. As AUD currency appreciated in relative to USD currency, the asset

Baht in Q1 2018 to 13.69 billion Baht in Q1 2019. Profit (Loss) In Q1 2019 The Company recorded a net loss of 317 million Baht (40% of total revenue), decreasing by 3,769 million Baht as compared to Q1

million baht, increasing by 8% y-y. For the second quarter of 2018, the Company recorded bad debts and doubtful accounts of 1,254 million baht, increasing by 11% y-y and 4% q-q. The increase of bad debt and

million Baht. Accordingly, the Company recorded impairment loss in investment of 422 million Baht in which mainly results from the sale of the Bangkok Edition hotel 3 | P a g e Pace Development Corporation