differentiation strategy, especially the Green Apple flavored energy drinks under Carabao trademark, which are getting more recognition from customers. Nevertheless, ICUK does realize the dynamics and competitive
recognition value of joint venture of the Apollo’s deal and realized gain from the re-measurement of the remaining investment at fair values. Appropriateness of the Funding Structure At the end of the year 2016
follows: Domestic Branded Business sales decreased 17% YoY. Export Branded Business sales increased 24% YoY, mainly due to sales increase from fruit juice and milk products, and sales recognition from
from USD Loan to related parties at WUPIN 7 One-time Accounting Adjustment is the revision of recognition of maintenance cost of Gulf SPPs (GVTP, GTS1, GTS2, GTS3 and GTS4) but this revision had impact
Related to FX Gain is derived from Gain on exchange rate from USD Loan to related parties at WUPIN 6 One-time Accounting Adjustment is the revision of recognition of maintenance cost of Gulf SPPs (GVTP
-Café 2 • Catering services such as parties, wedding receptions, restaurants or any events • Pop-up store sales in various locations Catering / Pop-up 3 1 Franchise Fee Income 4 • Revenue recognition of
• Revenue recognition of initial franchise fee and other fees including royalty fee from “After You” franchise in Hongkong and “Mikka” brand Catering, Events A N D P O P - U P Franchise F E E I N C O M E
’ demand • Online sales products and Head office pick up • Catering services such as parties, wedding receptions, restaurants or any events • Pop-up store sales in various locations • Revenue recognition of
, or -24.6%, YoY, due to the overall reduced interest expenses because the Company has managed its loans portfolio in a more effective manner. For the 9 months /2017 period, ended September 30, 2017, the
except facial cleansers and gift sets which managed to grow significantly at a rate of 8 9 .4 7 % and 36 .25% respectively thanks to sales promotion campaigns that attracted customers and popularity of