) asset light expansion of Vienna House and AHS mainly via new management contracts and operating leases, (ii) office space renovation to enhance NFA and grow rental revenue together with expense control

to continue to grow Vienna House’s hotel portfolio, mainly through operating leases. The opening of the 205-key VHE Leipzig hotel will contribute to future growth as its operations begin to ramp up

standard for leases under Thai Financial Reporting Standards 16 (TFRS 16). 1.2 Investments in Joint Ventures and Associates increased by THB 59 million primarily due to share of profit from investment in

in 1Q2020 such as TAS 32 Financial Instruments: Presentation, TFRS 7 Financial Instruments: Disclosure, TFRS 9 Financial Instruments and TFRS 16 Leases on the Group’s financial statements which

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

548.63 - 548.63 - 1,072.82 - 1,072.82 - RL 15.35 13.19 2.16 16.4 29.40 26.32 3.08 11.7 Revenue from finance leases contracts 688.28 738.69 (50.41) (6.8) 1,405.49 1,489.55 (84.06) (5.6) Share of profit of

( “ the Group” ) has applied TFRS 9 - Financial instruments standards and TFRS 16 Leases (See Note 3. Changes in accounting policies), effectively from 1st January 2020. o The Group has adopted TFRS 9

, total shareholders’ equity amounted to 15,930 million baht, a decrease of 5,196 million baht or 25% from the end of fiscal year 2019, reflected the adoption of ECL model, hedge accounting and leases

of Financial Position 8 6. Finance Cost: Finance cost arise from the recognition of interest expense from the adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16). The company has no