maintenance projects. Investment in joint venture increased 27.1 million baht or 35.9 percent due to the increase in investment of Genesis Company Limited during the year 2017 decreased by recognizing the share
Financial Reporting Standard No. 16 : Lease (TFRS 16), effective 1 January 2020, has impacted the Company and its subsidiaries’ financial statement in recognizing a right-of-use asset and a lease liability in
year. Main drivers of the growth rate were letting out the space at Singha Complex after its construction completed in 4Q18 and recognizing part of unearned revenue from 30-year leasehold right of office
1st 2020. All operating lease contracts, with limited exceptions, were recognized on the balance sheet by recognizing right-of-use assets and corresponding lease liabilities at the transition date. In
Million The gross profit of the company increased mainly due to: • Independent Power Producer (IPP): The gross profit increased by Baht 1,245 million as a result of recognizing gross profit from 3 of GLOW’s
recognizing gross profit from 3 of GLOW’s IPP plants of Baht 1,541 million. As for Sriracha Power Plant, gross profit increased by Baht 37 million due to lower maintenance cost from Long Term Service Agreement
and new joint venture that still not recognize income Please be acknowledged accordingly, Yours truly, (Mr. Sithipon Ratanaporn) Chief Financial Officer
current shareholders’ equity is approximately at the amount of Baht 33.38 million. Please be informed accordingly. Sincerely yours, -Signature – (Mr. Chotiwit Taechaubol) Deputy Chief Executive Officer
_________________________________ (Ms. Piyaporn Phanachet) Director and Chief Executive Officer