payment or under contract amendment for collection in the next stage. Unbilled Receivables Due to its turnkey business, the revenue recognition is performed based on percentage of completion method which
value of consideration basis. The highest transaction value is derived from this method of calculation, whereby the, calculation is based on the Company’s reviewed consolidated financial statements for
profit Baht 164 million of same period of last year. Gross loss of Q1/2018 mainly resulted from depreciation. The company record depreciation by straight-line method while depreciation charge for tolling
. The company record depreciation by straight-line method while depreciation charge for tolling service use unit of production method. Decrease in production volume was also effect for net loss of Q2/2018
from depreciation. The company record depreciation by straight-line method while depreciation charge for tolling service use unit of production method like previous period. However, the company still
decreased lease receivable, calculated according to the Effective Interest Method. 2.4 Cost of sales and rendering of services (excluding fuel costs) Cost of sales and rendering of services for the 2 nd
Method Net Tangible Asset (NTA) = Cannot be calculated as the assets are not considered as securities Net Profits = Cannot be calculated as the assets are not considered as securities Total Value of
of 2017. The change was due to the decreased lease receivable, calculated according to the Effective Interest Method. Management Discussion and Analysis For the Three-month and Six-month Periods Ended
as expected. Nevertheless, performance of the ESSE Sukhumvit 36 was reported under equity method of accounting included in share of gain/loss from investment in joint ventures. Page 3 of 9 Singha