management assessed the agreement in accordance with TFRIC 12 ‘Service Concession Arrangements’. As a result, the Group’s management recognized revenue from construction under a concession arrangement in

construction contracts. The Group’s cost of construction contracts was increased to 323.55 Million Baht, comparing with last year. It was related to the increasing of revenue recognized. 3. Other revenue The

Equity ratio stood healthily at 0.62x. Sbsequent Event:  Gulf TS3, the 4th Joint Ventures SPP between WHA Energy Company Limited (a wholly owned subsidiary of WHAUP) and Gulf MP Company Limited at

3,219,214 baht compared to the same period of the last year mainly due to expenses related to IPO which could be recognized as tax expenses and the decrease of service income. The major changes of Balance

the main trading currency of the company), resulting in the company recognized revenue from sales of foreign currency decreased For domestic market, revenue from sales increase lightly due to growth of

decreased 2,013,678 baht compared to the same period of the last year mainly due to expenses related to IPO which could be recognized as tax expenses. The major changes of Balance Sheet were as follows: 1

. In Q2 2020, the Company have arranged the land valuation from previously measurement at cost to fair value, which gains were recognized in revaluation of land in other comprehensive income, and

IPO which could be recognized as tax expenses decrease. The major changes of Balance Sheet were as follows: 1. Total assets increased 31,356,611 baht compared to the last year due from increase the

. 5. Corporate tax decreased 1,964,622 baht compared to the same period of the last year mainly due to expenses related to IPO which could be recognized as tax expenses. The major changes of Balance

, however, the subsidiaries have not yet started their operations. (8) Share of profit (loss) from investment in associated company and joint ventures In 2017 , the Company recognized the loss sharing from