loss and its movement shall be recognized to reflect the change of credit risk since initial recognition.  Hedge accounting which determines the type of transactions eligible for hedge accounting

Thailand (“SET”) as follows: 1. Approving to propose to the Extraordinary General Meeting of Shareholders No. 1/2019 to consider and approve the Company to purchase the ordinary shares of KPN Academy Company

Solar PV Pty Ltd, an indirect subsidiary that is wholly owned by RATCH-Australia Corporation Pty Ltd has commenced commercial operations and recognition of benefit as per the Power Purchase Agreement. 70

borrowings as a result of additional investments in machinery and investments in an overseas joint venture; and 9) loss recognition of Baht 10 million from MMBC, the Company’s joint venture in the Philippines

standards. The key changes from the adoption of the above financial reporting standards are in the following areas:  The concept of interest recognition will be changed to recognize at effective interest

international standards. Sustainability Disclosure Recognition The company received the Sustainability Disclosure Recognition 2020. Held by Thaipat Institute, this prestigious certificate is presented to the

PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION 3 * primarily include the construction revenue recognition based on percentage of completion of Nam Che 1 in Lao PDR according to TFRIC 12

recognition from associated company was Baht 17.16 million and a corporate income tax expenses for 2017 was Baht 2.44 million. 2. Financial Analysis (Unit: Thousand Baht) Items 30 December 2017 31 December 2016

statements The net profit and net profit margin of the Company and subsidiary companies decrease 5.34% and 0.81% respectively. The income recognition of three projects completed in Q1/2018 accounts for 32% of

lease income 10,383 (217) 10,600 100% - EGCO Plus : The operating result was increased by Baht 10,600 million mainly due to recognition of gain on disposal of 49% indirect shares in MPPCL amount Bath