, decreased by 79% or by 1,003 million Baht as compared to the previous quarter. This was mainly due to the nine month net loss of -1,645 million Baht and the effect of the changes in accounting polices due to
to buyers) of 5 projects, as per details in the above table. The reduction in revenue was mainly from the effect of COVID-19, which prevents foreign customers from traveling into Thailand to complete
. These are continuous actions and not a one-time effect. However, the Company believes that there are still more rooms for improvement which can continue to drive down our costs and expenses especially in
, karaoke room, ice skate rink and equipment. The effect from the adoption of Thai Accounting Standard, New financial reporting standards and Changes in accounting policies from 1st January 2020 Thai
effect of Right-of-use assets increased by 6.66 million baht upon initial application of TFRS 16 that was announced in 2020. With the decreasing in land properties and equipment of 10.12 million baht due
has had an effect on the Company since the 1st quarter ago. However, in the 6-month period of 2020, the Company could generate cash flow from operation amounted to Baht 134.62 million from the negative
cumulative effect is recognized as an adjustment to the retained earnings as at 1 January 2020, and the comparative information was not restated. The impact to Financial statements of such adoption was
the worst impacts, the partial lockdown in April and May, and the lack of tourism as a driver of the economy, while not directly impacting our business, had a measurable effect on some of our customers
rates especially in the service sector. The Company still expected that the operating results in 2nd half will be better than that of the 1st half due to seasonal effect in 4th quarter where economic
quarter, although the pace of expansion remained relatively lackluster. Exports registered no growth over a year with a continued appreciation of the Thai baht having a detrimental effect and this has fed