unbilled receivables increased by 49.11 Million Baht and 94 Million Baht, respectively. The main reason of increased these transactions resulted from revenue recognition by percentage completion of ongoing
Shareholders’ equities (Baht million) 6,514.37 6,514.37 Net Debt to Equity (times) 0.32 0.73 10. Conditions Precedent Significant conditions precedent as per the Agreements are: 1. Completion of the
amount of up to USD 100.00 million or equivalent to approximately Baht 3,522.00 million. Prior to the completion of the Company’s investment, SGAH is required to complete an internal group restructuring
which is recognized based on the percentage of completion of our hydro power projects in Lao PDR, namely XXHP and Nam Che. Table 1) Revenue drivers: Sales volume 6M'2016 6M'2017 % change MWh MWh
from constuction of EPC service and revenue from construction contracts which are defined output by using the percentage of completion method. Currently, the Group has backlog for construction services
increased 61.0% year-on-year from Baht 524 million in 2016 to Baht 843 million in 2017, primarily due to a record of construction revenue which is recognized based on the percentage of completion of our hydro
recognized based on the percentage of completion of our hydro power projects in Lao PDR, namely XXHP and Nam Che. • Other sales and service income increased 20.3% q-on-q from Baht 148 million in Q2’2018 Baht
FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION 3 * primarily include the construction revenue recognizes based on the percentage of completion of hydro power projects in Lao
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
is expected after the completion of additional LTSA of these 6 projects. The approval of SPP Replacement BGRIM has 5 cogeneration power plants qualified for the SPP replacement scheme which allows SPP