concession arrangement 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
ร้ับช าระเงินจากผูซ้ือ้ครบถ้วน แลว้ (Completion Method) ถึงแมบ้ริษัทฯ จะไดม้ีการขายทรพัยสิ์นออกไปบางส่วน แต่บริษัทฯ ก็ยงัเหลือโครงการอสงัหาริมทรัพยท์ี่รอการขายและรอการรบัรู้ รายไดใ้นอนาคตจ านวน 14,697 ลา้
media. However, the Company has adjusted strategic and business model to cope with such effects. After completion of such transactions, the Company will proceed with strategies and policies by controlling
interest borrowed to develop projects, which are capitalized as development costs for respective projects till construction completion. Thereafter, such interest costs will be recorded as finance costs in
lifestyle resort on island 3 in Crossroads project with a transaction value of USD 16.2m. Nonetheless, the progress of design and construction has been as planed while the target construction completion is in
completion of works pursuant to the conditions and terms determined in the agreements. (2) LTSA Contracts between the Project Companies and Siemens Limited Each of the Project Companies will pay the
Management Discussion and Analysis 1. Significant events in the third Quarter of 2019 1.1 The progress in construction projects 1.1.1 Project completion - SBPL Project, a project of San Buenaventura Power Ltd
management recognized revenue from construction under a concession arrangement in accordance with percentage of completion of the fair value of assets. The Group’s management also recognized cost of
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 in the same amount. No gain and