498 mn with immaterial impact to CPN’s consolidated net profit. The difference versus GLAND’s reported statement of comprehensive income is down to the difference in accounting treatment of investment
International Financial Reporting Standards (IFRS) หรือ Financial Accounting Standards (FAS) หรือ United States Generally Accepted Accounting Principle (US GAAP) หรือมำตรฐำนกำรบญัชีอ่ืนท่ีส ำนกังำนยอมรับ โดยใหแ้
following to the number of stores-closing days and a stringent control of cost whereas the depreciation expense has increased due to the adjustments in compliance with the Financial Reporting Standard No.16
credit loss method and the concept of hedge accounting. These include stipulations regarding the presentation and disclosure of financial instruments. Thai Financial Reporting Standards which was effective
financial reporting standards relating to financial instruments (TAS 32, TFRS 7 and TFRS 9) and leases standard (TFRS 16) retrospectively from 1 January 2020. The following tables show the adjustments made to
who previously recorded the losses from allowances for expected credit losses that it from assessments in accordance with financial reporting standards on financial instruments. In addition, the
2020. The standard affecting the group's operations is IFRS 9 Financial Instruments in which influenced the financial business as well as Thai Financial Reporting Standard 16 Leases that affect the
several financial institutions. GFPT Group has adopted the new financial reporting standards which are effective in 2020 by the Federation of Accounting Professions that have been adopted for the first-time
with the Thai Financial Reporting Standards no.16 regarding lease agreements (“TFRS16”) which was effective since 1 January 2020. Notwithstanding, that the compliance to TFRS16 provided no significant