, of which the Company holds 50% in an equal joint venture "UK Portfolio Hotels". Results for the UK Portfolio, operating under a joint venture, are not consolidated within the Company’s hospitality

Portfolio, operating under a joint venture, are not consolidated within the Company’s hospitality business, and are instead accounted for using the equity method, pursuant to which the Company receives a

investment in new project having instant recognized operating results. Furthermore, the decrease in deferred revenue of THB 2,033.4 mm was mainly caused from reversal of deferred revenue due to recognition of

บริษัท จี เจ สตีล จํากัด (มหาชน) G J Steel Public Company Limited GJS Management Discussion and Analysis Q2/2020 1. Operating Result Highlights Unit: million Baht 2nd Quarter 2020 2nd Quarter 2019 Pe

8 บริษัท จี สตีล จํากัด (มหาชน) G Steel Public Company Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2020 1. Operating Result Highlights 2. Changes in Accounting Estimates In

and cash equivalent increased by 12.48 million baht or 18.43% from December 31, 2019. The Company and its subsidiary had cash from operating activities amounting to 31.91 million baht and cash used in

operation for the three-month period ended 30 June 2020 are as following. Unit For the three-month period ended 30 June 2020 2019 Change The number of operating hotels Hotel 5 637 9 4,111 5 637 62 4,312 (52

, representing an increase from the end of the previous year by Baht 1,579 Million. (Unit: Million Baht) Description For the nine months of the year 2020 Net cash flows operating activities 4,065 Net cash flows

equivalent decreased by 18.33 million baht or 19.72% from December 31, 2018. The Company and its subsidiary had cash from operating activities amounting to 53.77 million baht and cash used in investing

3; (4) the disclosure of financial condition and the operating results of the asset trustee and the originator shall comply with the regulations prescribed by Part 4; Clause 3. In cases where the