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
COVID-19 pandemic situation. 4. Gain from derivatives recorded at THB 283 million, attributed to the derivative measurement under TFRS 9 in regards to Financial Instruments standards which were put in
& accounting standards in 2020 by 1.25 Million, total comprehensive loss for the period of -2.63 Million and 3rd party dividends paid- out of a subsidiaries by 48.00 million baht. The equity of the company and
%, respectively. This gross margin had accounted for the fair value adjustment of the acquired business according to the accounting standards under WHA level. However, the genuine gross margin in the second quarter
LIMITED 4 FINANCIAL POSITION From 1 January 2020, the Company has adopted the Thai Financial Reporting Standards (TFRS) 16 – Leases for its financial statement reporting for the first time. Under this new
from December 31, 2019. The increase was primarily attributable to the adoption of financial reporting standards relating to leases standard (TFRS 16). As at June 30, 2020, the interest-bearing debt
accounting standards. (4) Liquidity and Capital Sufficiency The Corporate Group has appropriate capital management, having prepared operating cash flows statements every day to acknowledge the daily cash-in
increase returns that was greater than depositing in the bank account. (3) Right-of-use assets increased THB 49.39 million according to the Company has to adopt the Thai Financial Reporting Standards 16
of the project will be used as a guideline for smart city development to create the new standards of production, commerce, and residence in all angles in accordance with the demand and growth of