Portfolio, operating under a joint venture, are not consolidated within the Company’s hospitality business, and are instead accounted for using the equity method, pursuant to which the Company receives a

COMPANY LIMITED Management Discussion and Analysis of the Company’s Performance for the nine-month period ended September 30, 2019 During the period, one of the major customers had changed a method of

from construction contracts which are defined output by using the percentage of completion method. Moreover, due to the impact of COVID-19 pandamic leads the Group’s revenue reducing from sales plan of

equity method -0.2 0.0% -0.3 -0.1% -0.2 101.9% Profit (loss) before income tax expense -57.5 -8.9% 29.9 4.9% 87.4 - Tax expense (income) -13.3 -2.1% 1.4 0.2% 14.7 - Profit (loss) for the year -44.2 -6.9

. To measure the transaction value the method used is book value of net tangible asset (NTA) and the value is 70.24% of the total asset. Over the past 6 months, UU has signed the agreement to sell water

, 14 Mega Home stores and 6 HomePro stores in Malaysia. Starting 1 January 2020 onward, the Company has adopted TFRS 16 Leases, using the modified retrospective method of adoption under which the

equity method of accounting for Jupiter hotels totaling of 29 hotels with 3,115 keys; consequently, performance of Jupiter hotels will be reported under share of gain/loss from investment in joint ventures

[diversification] via investment in Outrigger represents investment thesis of the Company. Nevertheless, the Company adopts equity method of accounting for Jupiter hotels totaling of 29 hotels with 3,115 keys

decreased from Q2–2019. This is because several projects in Q2–2020 were affected by the ongoing outbreak of COVID–19, forcing many customers to adjust their working method which have an effect on the

accordance with the rules as prescribed in the Notification of the Capital Market Supervisory Board concerning the Issuance and Offer for Sale regarding Units of Real Estate Investment Trust; (b) method for