used to repay corporate loan, refinance existing corporate debts and project finance to reduce interest rate and extend tenors. Successful BGYSP acquisition BGYSP acquisition successfully completed in
million, increased by 3.2% mainly due to writing off the obsolete finished goods. As a result, the company reported net loss of Baht 8.1 million compared with a profit of Baht 6.6 million in the same
to Baht 34.47 million. The Company has changed its policy on allowance for diminution in value of deteriorated and moving products as follows: OLD Policy on allowance for obsolete inventories
projects. ABP5 efficiency improvement via LTSA with Siemens ABP5 completed maintenance service under Long Term Service Agreement (LTSA) with Siemens in August. This is the second project implemented after
. Collaboration with strategic partners B.Grimm entered Long Term Service Agreement (LTSA) with Siemens to improve performance of gas turbines. 2 projects completed the upgrades in 2019 while 4 more projects are
accordance with the second paragraph shall be completed within three months from the end of each accounting period. For each financial year, such preparation shall be completed within twenty-one days from the
Group has experienced very little bad debts and has not found any irregularity in 2020 and there was no bad debt in the past year 2019. (3.2) Inventory and Deterioration or Obsolete The Corporate Group’s
, including the legal due diligence, use of the intellectual property in relation to the project and the execution of the shareholders agreement, provided however that the Transaction will be completed within
218.9% compared to the gross profit of Baht 32.8 million for 2018. It is due to the allowance for diminution in value of obsolete and slow-moving inventories amounting Baht 37.5 million in 2018, resulting