Microsoft Word - MD&A 3Q2020-E_Final by FA&Mark _3 Nov 2020_.docx 1 Ref: CSO. 034/2020 Date: 3rd November 2020 Subject: Management Discussion and Analysis Quarter 3 Ending 30th September 2020
Microsoft Word - MD&A 3Q2020-T_Final by FA&Mark _3 Nov 2020_.docx 1 ที สลบ. 034/2563 วนัที 3 พฤศจกิายน 2563 เรือง คําอธบิายและวเิคราะหข์องฝ่ายจัดการ ไตรมาสที 3 สิ/นสดุวนัที 30 กนัยายน 2563 เรยีน กรรม
details are as follows: (a) Disposition of the assets in PP1 and PP3 included: land, hotel, Observation Deck, Retail Cube Building, sculptures and artworks, the licenses and contracts which are relevant to
; decreasing 33% as compared to the end of the year 2017 of 32,423 million Baht. This was mainly due to the transfer of residences totaling of 3,214 million Baht, and disposition of the hotel, Observation Deck
Baht or 33% as compared to the year 2017. This was due to transfer of the Ritz-Carlton residences in a total of 2,791 million Baht and disposition of assets includes hotel, observation deck and retail
hotel, observation deck and retail cube building to King Power Mahanakhon Company Limited. As a result, the Company purchased shares in the subsidiaries, Pace Project One Company Limited and Pace Project
. Total revenue decreased of Baht 272.67 million or 108% mainly from: Gain from investments decreased of Baht 242.20 million mainly from mark to market price of investment in listed securities decreased
. Moreover, the goodwill incurred from DEAN & DELUCA acquisition was 3,184.2 Million Baht. Also, the intangible assets arising from DEAN & DELUCA’s business; for example, trade mark, trade name, copyrights
incurred from DEAN & DELUCA acquisition was 3,184.2 Million Baht. Also, the intangible assets arising from DEAN & DELUCA’s business; for example, trade mark, trade name, copyrights, etc. of the DEAN & DELUCA
, Observation Deck, and MahaNakhon Cube which effected to the Company losses control in Pace Project One Co.,Ltd and Pace Project Three Co.,Ltd. Accordingly, the Company engaged independent financial advisory