liabilities stood at THB 7,174.9mn • Debt to Equity ratio stood at 1.04 times as of 31 December 2019, decreased from 1.14 times as at end of 2018 Change in accounting policies and reclassification in 2019
1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE For
1 Note: 1) Revenue and Cost that were recognized when there is construction under concession agreements for tap water according to accounting standard TFRIC12 1. ANALYSIS OF FINANCIAL PERFORMANCE In
effectiveness in cost management and the adjustment of accounting method to deduct rental discount from selling expenses. • The Company reported net loss in Q2/2021 and net profit in 1H/2021 of THB -7 million and
million mainly due to the recognition of depreciation expenses for the accounting period. • Other Non-Current Assets decreased by THB 133 million mainly due to the amortization of the right-of-use asset
mainly were Unrealized Foreign Exchange Gain which was an accounting item that has no effect on cash flow. 2 Profit attributable to Owners of the Parent In 2018, Profit attributable to Owners of the Parent
gross profit margin in the second quarter of 2017 was 59.8%. This gross margin had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level
Street English”. The revenue from English language school is recognized according to the international accounting standard which recognizes revenue gradually according to contracts period entered into
measurement of financial assets and financial liabilities, impairment of financial assets and general hedge accounting as well as leases standard (TFRS 16). However, the Company has not restated the comparative
currency method has put into practice for both accounting and tax purposes where the Company’s primary operation resides. The Board also approved and authorized the Chairman or a designee by the Chairman to