adjustment in provision for rental revenue guarantee of the Veranda Residence Pattaya of 3.48 THB mm and increase of reserve for long-term employee benefits of THB 1.25 mm. Total amount of 4.73 THB mm are
portion of AP that is USD-linked and increased revenue from finance lease agreement as a result of financial lease accounting (TFRIC 4) adjustment. Executive Summary Quarterly Comparison of Company's
before adjustment with PPA 51.5% 49.0% Revenue from Sale of Investment Properties 1,449.0 2,100.6 651.6 45.0% Gross Profit 611.1 161.5 (449.6) (73.6%) Gross Profit Margin 42.2% 7.7% GPM before adjustment
% Rental Revenue 1,118.2 1,025.3 (92.9) (8.3%) Gross Profit 672.9 485.8 (187.2) (27.8%) Gross Profit Margin 60.2% 47.4% GPM before adjustment with PPA 61.1% 47.9% Revenue from Sale of Investment Properties
Profit excluding FX impact and Extra item /3 Deferred revenue from assets monetization to WHABT in 2015 which recognized in the first quarter of 2019 as a result of accounting standard adjustment (TFRS 15
(AP) that is linked to USD increased due to THB depreciation. Additionally, revenue from finance lease agreement also increased as a result of financial lease accounting (TFRIC 4) adjustment. • Revenue
%) Gross Profit 151.3 118.4 (32.9) (21.7%) Gross Profit Margin 55.4% 48.5% GPM before adjustment with PPA 57.0% 49.2% Revenue from Sale of Investment Properties 132.1 1,449.0 1,316.9 996.9% Gross Profit 20.5
1,143.5 650.4 (493.1) (43.1%) Gross Profit Margin 67.7% 56.6% GPM before adjustment with PPA 69.0% 57.5% Revenue from Sale of Investment Properties 11,737.2 3,079.3 (8,657.8) (73.8%) Gross Profit 3,617.9
/2018 dropped by Baht 80 million or 37% from Q3/2017 because of the accounting adjustment of revenue from Availability Payment (AP) in 2018 according to TFRIC4. The forecasted revenue from Availability
Deferred Revenue Item Deferred Revenue Item = Deferred revenue from assets monetization to WHABT in 2015 which recognized in the first quarter of 2019 as a result of accounting standard adjustment (TFRS 15