1 / 4 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and analysis of financial performance for the year ended 31 December 2019 • Explanation and
higher than the minimum price as appraised by IFA if EMC is not able to satisfy the condition precedent. Moreover, the Project is exposed to legal risks on the issues of building modification; uncertainty
(Decreased) % Assets Current assets Cash and cash equivalents 8.54 31.33 (22.79) (72.74) Trade and other current receivables 224.54 186.08 38.46 20.67 Contract assets 518.21 564.88 (46.67) (8.26) Inventories
from the water supply contract from subdistrict administrative organization in Tambon Mai- Khao ,Amphoe Thalang, Phuket with Hydro Enterprise & Aqua Design company Limited (HYDRO), subsidiary of GS in
Notification”). In order for the transaction to be in accordance with the connected transaction announcement, the company would like to inform the information of the connected transaction in the contract of land
statements Standalone financial statements 2018 2017 2018 2017 Transactions with subsidiaries (eliminated from the consolidated financial statements) Rental income from billboards - - 1,435 3,613 Contract rate
. 4. Investments in securities An investment in debt instrument means an investment in a contract showing that the instrument issuer has both directly and indirectly obligation to pay cash or other
securities An investment in debt instrument means an investment in a contract showing that the instrument issuer has both directly and indirectly obligation to pay cash or other asset to the instrument holder
or under a contract for exchanging financial instrument of the company with financial instrument of other business, subject to a condition beneficial to the company. 9. Property, plant and equipment
contract date which is October 20, 2017 8. Source of Fund : 30 % from the Company cash flow and 70 % of loans from the bank, so that, this loan application has no condition or limitation related to the