liabilities under lease agreements from the adoption of the Financial Reporting Standards No. 16 on leases which caused the Company to recognize obligation of lease agreements that had previously been

impairment and increased in recognize loss competition and land, building and equipment decline of 1,054.49 Million Baht due to recorded more in impairment of fixed assets and transfer fixed assets of 808.12

company to recognize loss from revaluation of investments in debt securities, which measure fair value Into the income statement, resulting in increased financial expenses this year Corporate income tax

standards, TFRS 16 Leases to recognize more at the amount of Baht 126.45 million. Total Shareholders’ Equity was Baht 1,510.83 million, increased Baht 66.98 million or 4.64%, resulting from income of business

finance costs was THB 0.41 million. The finance costs arise from lease liabilities has adopted TFRS 16 Leases requires a lessee to recognize assets and liabilities for all leases with a term of more than 12

the contractor since 20th March 2020, causing the Company to recognize the financial costs incurred for each project in the statement of comprehensive income. For the first nine months of 2019, the

construction design. Many projects are gradually completed. Concurrently, many new projects that have been signed into contract or about to be signed which will allow the Company to begin to recognize revenue

in associate In 2022, share of profit of investments in associate was THB 0.71 million, increased by THB 0.58 million or +443.81% YoY. This was mainly due to the company beginning to recognize the

revenues arose from the followings; I Property Business: the Company will be able to recognize revenues only when the construction is completed and the ownership of such construction project has been

Hours (“CAH”) of 2017. In first quarter of 2017, GHECO-One had a planned maintenance for 45 days, thereby allowing them to recognize the revenue from Availability Payment (“AP”) higher. There have also