, resulting in higher costs while revenue is gradually recognized as per accounting standard. 2. Total expenses decreased by Baht 79.82 million or 226% mainly from the reversal of allowance for impairment loss
accounts amounting to Baht 43.63 million, the Group incurred a net loss of Baht 447.70 million. Compared to the same period of 2018, the profit was Baht 215.20 million if excluding the reversal of impairment
and increase the efficiency of the company and its subsidiaries. In 2020, the impact of TFRS 9 Financial Instruments about Reversal(Doubtful Accounts) is recognized for credit loss amounting to Baht
accounts amounting to Baht 43.63 million, the Group incurred a net loss of Baht 447.70 million. Compared to the same period of 2018, the profit was Baht 215.20 million if excluding the reversal of impairment
baht and reversal of allowance for doubtful accounts of investments, prepaid investment amount of 14.00 million baht, profit from sales of condominiums, Country Complexes and other assets totaling 8.95
by the end of 2019 as a new stopover landmark for both local and tourists. The major renovation at CentralWorld is progressing as planned and will gradually complete by 3Q18. Asset Enhancement
reach 100 billion baht (3.3 billion USD) by the end of this year. The commitment underscores our objective of progressing towards meeting the UN SDGs. The sustainability bond has been met with
Consolidated Statement of Financial Position 2018 2017 + (-) % (in million Baht) Income Revenue from sale 29,966 25,705 14% Revenue from service - Tolling - - Reversal of bad and doubtful debts expense - 147
million. For Separate, Other expenses amounted Baht 102 million which resulted from loss on sale fixed assets amounted to Baht 2,349 million and reversal of loss on impairment of assets amounted to Baht
) Income Revenue from sale of goods 5,191,636 7,814,882 (34%) Revenue from service - Tolling - - - Reversal of bad and doubtful debts 3,981 - - Net foreign exchange gain 433,627 - - Gain from compromise debt