of land held for development on April 27, 2016 with land title deeds, No. 4064 and No. 4065, located in Tambol Klong Nueng, Amphur Klong Luang, Prathumtani Province. This plot of land had contract
Baht 94.62 million due to beginning of solar energy revenue recognition since January 2017 at the generating capacity of 16.47 MW. Selling and administration expenses Selling expenses decreased by Baht 2
reduction of 3.0% Q-o-Q and 9.5% Y-o-Y, while sales revenue in USD terms grew by 1.0% Q-o-Q but declined by 8.9% Y-o-Y. The lower revenue recognition in Baht terms was due to the strengthening Thai baht
increased to Bt3,259.7 million in 1Q20, representing an increase of 12.3% Q-o-Q and 4.7% Y-o-Y, while sales revenue in USD terms grew by 8.4% Q-o-Q and 5.4% Y-o-Y. The higher revenue recognition in Baht terms
). Changes in foreign currency exchange rates had a minor impact on the revenue recognition in Thai baht terms in the current quarter (Table 1). To minimize the impact of COVID-19 in the second quarter of 2020
changes are described as follows: Assets Items that have significant changes Balance by Quarter Change Q3–24 Q4–23 Q3–24 VS Q4–23 (MB) (MB) % Contract assets 1,509.6 905.4 604.2 66.7 Inventories 592.0 720.5
to obtain a customer contract shall be recorded as an asset and amortized to expenses on a basis that is consistent with the pattern of revenue recognition. Under the previous accounting policy, the
period of last year. These increasing revenue resulted from revenue recognition by percentage of completion of projects on hand (Backlog) which were hired on 2017 until 30 June 2019. As at 30 June 2019
contributed 71.9% of total revenue or THB 368mn, decreased by 14.2% YoY. This was resulted from less revenue recognition from project management. Cost of sales increased by 5.7% YoY to THB 453mn mainly due to
, increased by Baht 151.27 Million or 43.86% compared with the same period of last year. Resulted from revenue recognition which has progress of the construction of the project on hand (Backlog) which were