real estate revenue recognition of 1,366.58 Million Baht or an increase by 103.97%. The revenue can be distinguished as follows: Unit: Million Baht Projects Consolidated Revenue Project Revenue Increase
appropriate for the Company's funds. Therefore, the construction revenues for nine-month come from the old projects which have been completed. The Company is able to recognize revenue in proportion to the
holiday club memberships increased by Baht 863 million. The revenue recognition of the property sales projects, as a result of Banyan Tree Villas and Cassia Residence Phuket, was higher when compared to the
increase in revenue in 2019 compared with last year was due to the delivery of projects that have due date of contracts in 2019 such as USO (Phase 2), Cable Landing Station and CAT-IDC. In addition, the
following reasons; - Sales increased by 649.52 million baht or 13.56 % from 4,790.47 million baht in 2018 to 5,439.99 million baht in 2019 due to the transfer of new 3 completed projects, Maestro19 Ratchada19
sales revenue from the project. The revenue is divided as follows: Comparison of operating income for periods ended December on 31, 2019 and 2018 Unit: Million Baht Projects Consolidated Revenue Project
property sales and the sale of holiday club memberships decreased by Baht 200 million. The difference is largely attributed to the revenue recognition of two property sales projects namely Cassia Phuket and
August 28, 2017. The coupon rate is 5.5% per annum. The objectives of issuing the debentures are a) investment in the new projects, b) repayment of debts, and c) working capital. Interest expense of
Langsuan Projects. The total interest paid equaled to 288.8 Million Baht, comprising of financing costs of 223.6 Million Baht and capitalized interest of 65.2 Million Baht. According to the joint venture of
subsidiaries had the total assets decreased in year 2015 by Baht 515.15 Million or 25.01 percent, due to the Company and its subsidiaries mainly had the costs of sales for real estate development projects