repay the principal of the short- term bills of exchange issued by financial institution as stated in note 17. Subsequent in 2020, some plots of land have sold and remaining land title deeds with its
January 2020 represented an effective markdown of about 1.7% of sales. Lockdowns implemented by many countries due to COVID-19 caused difficulty in the supply chain, which led to deferrals of some order
factors that may affect the collection of cash collection from receivables in the 2nd quarter of 2020 such as employment conditions or the effect of reducing compensation. Which may cause some impact on
in Q1 has secured a project in Indonesia and will be a positive contributor in 2020 as a whole. Depreciation was 3% down on the same quarter as some assets fully depreciate as major investments have
completed. On the other hand, there are many projects which has been signed and some projects are pending for contract signing which revenue will be recognized in the second quarter of 2020. The cause of
According to the measures to prevent the spread of COVID-19, the Company and subsidiaries have implemented their Business Continuity Plan (BCP) by allowing most employees to work from home while some
agreement for some condominium rooms with a real estate brokerage company as one of the ways to clear out Inventory. Regarding the investments for the second quarter of 2020, the company has a stricter policy
% respective of the total liabilities. The decrease for long term loan in Q1/2021 due to gradually paying off some balance of debt. Shareholder’s equity The Company’s shareholders equity as of the year 2020 and
quarter and some of the large project in 2021. In addition, the Company was less impacted by the COVID-19 situation in Q1–2021 than those in Q1–2020. Many customers in that period had postponed the delivery
% resulting from rescheduling of production and delivery plan by major customer and condition to sorting tower before delivery in some projects cause additional labor and operating cost. However, those projects