7 to July 28, 2020. (2) Cost of sales of RCO increased due to the acquisition on October 1, 2019. 2.2.2 The effect of fair value adjustment of derivatives The Company recorded the effect on fair value

million, or 16.5 percent. The significant transactions were as follows: 2.1 The effect of exchange rate of the Company and its subsidiaries In the 1st quarter of 2020, the Company recorded loss on foreign

, which were recorded as interest expenses in the income statement after the opening but were recorded as cost of construction in the second quarter of the previous year according to accounting standard

o Advertising revenue decreased by 5.5% to THB 261mn o System integration services revenue was recorded at THB 428mn • EBITDA increased by 22.2% to THB 109mn • Net profit from operation decreased by

, the Company recorded gain on foreign exchange of Baht 38.03 million. The main reason was from loan to related parties in AUD currency. As AUD currency appreciated in relative to USD currency, the asset

million Baht. Accordingly, the Company recorded impairment loss in investment of 422 million Baht in which mainly results from the sale of the Bangkok Edition hotel 3 | P a g e Pace Development Corporation

Company’s total assets valuing at THB 15,487 million as of 1st January 2020. The Company recorded the change of depreciation in 2020 accounting period with effect from 1st January 2020 onwards. The Company

addition, the allowance for expected credit losses (allowance for doubtful accounts) was recorded in Q2–2020. As the result, the total operating expenses in Q2–2021 increased at a rate similar to the

million Baht or 7.61%, came from employee and asset depreciation. 2.3 Net profit (loss) The Company accounted for a net profit of 103.65 million Baht, profit increased 60.74 million Baht compared with the

as current assets at 8,745 million baht or accounted 45% of total assets and non- current assets was 10,699 million baht accounted 55% of total assets compared to the ended of 2017. The Company’s total