equivalent to THB 101.6mn for the purpose of carrying out hotel management services 13 September 2018: Vienna House establishes a new subsidiary and signs a new operating lease contract. REVO München
ceased of refinery plant for maintenance and overhaul, resulted in a higher cost of sales. But the main reason comes from carrying raw materials more than usual since the mentioned overseas customer
expense from the Lofts Asoke project was recognized as financial cost after the construction completed in December 2018. Moreover, in comparison with 3Q18, in 3Q19, the Company was carrying higher loan
for renovations to effectively utilized their space for working, learning, and carrying out their daily routines at home. Also, many restaurants have closed due to the COVID-19 crisis, prompting more
found that the value of the investment in the subsidiary company was lower than its carrying amount approximately 14 million Baht . Therefore, the Company had recorded the estimated loss from the
completed by May 2018. In carrying on TMX Business, core revenues will be generated in 4 categories: 1) Revenue from ticket sales, 2) Revenue from toys and souvenir, 3) Revenue from food and beverages, and 4
. Vienna House has acquired a 50% stake in UBM+VH Hotels GmbH (UBM JV) for EUR 2.65mn or equivalent to THB 101.6mn for the purpose of carrying out hotel management services 13 September 2018: Vienna House
Analysis For 4Q19 and FY2019 P a g e | 2 Despite the lower hotel revenue from the closure of Dusit Thani Hotel Bangkok at the beginning of the year with carrying hotel staff cost, the Company reported the