creditors were allowed to take assets out of EARTH and use those assets to take legal action against EARTH, constituting an offense of committing an act in order to prevent creditors from receiving full or

company or securities company – all at the maximum penalties as allowed by law –, (4) impose a compensation for the benefits received from their commission of offenses, and (5) impose a reimbursement of the

onwards. In 2Q19, CPN record revenue recognition from GLAND as followings; • Total revenue of THB 369 mn and net profit stood at THB 59 mn (for the first six months of 2019, total revenue of THB 814 mn and

loss and its movement shall be recognized to reflect the change of credit risk since initial recognition.  Hedge accounting which determines the type of transactions eligible for hedge accounting

Solar PV Pty Ltd, an indirect subsidiary that is wholly owned by RATCH-Australia Corporation Pty Ltd has commenced commercial operations and recognition of benefit as per the Power Purchase Agreement. 70

borrowings as a result of additional investments in machinery and investments in an overseas joint venture; and 9) loss recognition of Baht 10 million from MMBC, the Company’s joint venture in the Philippines

standards. The key changes from the adoption of the above financial reporting standards are in the following areas:  The concept of interest recognition will be changed to recognize at effective interest

international standards. Sustainability Disclosure Recognition The company received the Sustainability Disclosure Recognition 2020. Held by Thaipat Institute, this prestigious certificate is presented to the

PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION 3 * primarily include the construction revenue recognition based on percentage of completion of Nam Che 1 in Lao PDR according to TFRIC 12

recognition from associated company was Baht 17.16 million and a corporate income tax expenses for 2017 was Baht 2.44 million. 2. Financial Analysis (Unit: Thousand Baht) Items 30 December 2017 31 December 2016