fixed toll revision every 10 years in accordance to the concession which revenue sharing remained as current proportion. 4. The Completion Commercial Operation of MRT Blue Line Project On March 30, 2020
year. Financial Cost Most of financial cost resulted from loan interest on loans borrowed to develop projects, which are capitalized as development costs for the projects until construction completion
from construction contracts which are defined output by using the percentage of completion method. Moreover, due to the impact of COVID-19 pandamic leads the Group’s revenue reducing from sales plan of
resulted as the gradual discontinuation of the loan interest from Veranda Residence Hua-Hin project capitalized as construction costs after completion and the transfer of ownership. Net profit and net profit
KB subscribe all newly issued shares totaling 55,631,431 shares After the completion of the capital increase, the Company will hold 45.09 percent of total issued and outstanding shares of the
transfer the remaining units in 2019. 2. Completion of SPRIME establishment – on 18 January 2019, S REIT Management Company (“SREIT”) – our wholly owned subsidiary and REIT manager of SPRIME – has completed
Airport. Upon completion, Crossroads will open 2 hotels, Saii Lagoon Maldives, Curio collection by Hilton and Hard Rock Hotel Maldives, plus a wide range of facilities centered upon The Marina @Crossroads
investments planned for the rest of 2019 following the completion of a small investment project for product development. On the liabilities side the short-term borrowing facility increased due to an increase in
accordance with percentage of completion of the fair value of assets. The Group’s management also recognized cost of construction under a concession arrangement at actual cost amounting to Baht 131.3 million
increased. Contract assets decreased by 562.6 MB, representing a decrease of 43.1%. This is because the projects that recognize revenue based on completion of work carried over from 2020 have already