million or 0.44% from end of 2019, mainly due to adopted TFRS9, TFRS 16 using the modified retrospective method of initial adoption of which the cumulative effect is recognized as an adjustment to the
measurement method towards complete satisfaction of the performance obligation on construction service contract that has continuously awarded since 2017. As at 30 September 2019, the Group has backlog for
currently traded in the Stock Exchange of Thailand ( the “SET” ) so the Company does not have a market price as a reference and the price determined by institutional investors through the book building method
lease receivable, in accordance with the Effective Interest Method. Management Discussion and Analysis For the Three-month and Six-month Periods Ended 30 June, 2017 Page 6 2.4 Cost of sale and rendering
payment or under contract amendment for collection in the next stage. Unbilled Receivables Due to its turnkey business, the revenue recognition is performed based on percentage of completion method which
profit Baht 164 million of same period of last year. Gross loss of Q1/2018 mainly resulted from depreciation. The company record depreciation by straight-line method while depreciation charge for tolling
. The company record depreciation by straight-line method while depreciation charge for tolling service use unit of production method. Decrease in production volume was also effect for net loss of Q2/2018
from depreciation. The company record depreciation by straight-line method while depreciation charge for tolling service use unit of production method like previous period. However, the company still
decreased lease receivable, calculated according to the Effective Interest Method. 2.4 Cost of sales and rendering of services (excluding fuel costs) Cost of sales and rendering of services for the 2 nd