revenue recognition from other business, which was in the investigation process. In addition, the Company has increased administrative expenses as a result of the various expenses related to the new

were Baht 17.89 million, decreasing by Baht 5.32 million or a 22.91 percent decrease compared to the six-month period of 2015 because the Company and its subsidiaries had the amount of loan recognition

the amount of loan recognition in the nine-month period of 2015 more than in the same period of 2016. 8. Income tax expenses For the nine-month period of 2016, the Company’s income tax expenses were

Q2/2017 and increased by Baht 30 million from Q3/2016. This is because of the revision of revenue recognition according to TFRIC 12. • Shares of profit from Thai Solar Renewable Company Limited (TSR

IRPC Clean Power Company Limited (IRPC-CP) is a Small Power Producer (SPP) with total installed capacity of 240 Megawatt of electricity and 180-300 Tons per hour of steam, in which GPSC had hold the

square meters. It is a model center for expansion of small-sized center in other appropriate locations. Lease and other expenses for such model center are relatively low, paving the way for expansion in

remaining residences are expected to be transferred in 2019. From the property development project as described above, the total revenue recognition is 15,746 million Baht. Thus, the Company determines to

1Q2019:  From 1 January 2019, the new Thai Financial Reporting Standard in relation to revenue recognition (TFRS 15) has been applied to GHECO-One which resulted Gheco-One to levelize the AP over the

commercialise aforementioned assets in 3Q 2019. Hence, as the depreciation expense has already been recorded before the recognition of revenue, this will partially impact our bottom-line this year. Another

the first time. The economics of scale has already improved and the synergetic effect between both companies will increase throughout 2019 particularly on the fixed cost side. EBITDA in Q1 2018 improved