final blueprint Example Project A progress % billing % Q3’20 10 - Q3’20 20 - Q4’20 15 10 Q4’20 35 20 Q1’21 20 50 Q2’21 - 20 100 100The entity measures progress according to % billing recognise revenue 99
the company has already begun some progress which is expected to generate revenue for the company since the first quarter of 2020 onwards. The shareholders of the Company resolved to approve the
previous year as the revenue recognition on progress measurement method towards complete satisfaction of the performance obligation on construction service contract that has continuously awarded since 2018
, there is no demand for new installation. 2. Construction service income for the year sharply increased 207.40 Million Baht, accounting for 59.80% from previous year as the revenue recognition on progress
Million Baht, accounting for 58.60% from previous year as the revenue recognition on progress measurement method towards complete satisfaction of the performance obligation on construction service contract
% from previous year as the revenue recognition on progress measurement method towards complete satisfaction of the performance obligation on construction service contract that has continuously awarded
POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION REVENUE STRUCTURE FINANCIAL PERFORMANCE 4 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion and Analysis Table 1) Revenue Drivers: Sales volume
and target to commence COD and record revenue in December 2018. Nam Che 1 Hydro Power Plant (Run of the river) with an installed capacity of 15 MW have 92.6% construction progress. The COD schedule has
in Amata City Industrial Estate with 133 MW installed capacity, has 97.7% construction progress and target to commence COD on October 1, 2018 and expect to record revenue in Q4’2018. Solar WVO
FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF PROJECTS UNDER CONSTRUCTION 3 * primarily include the construction revenue recognizes based on the percentage of completion of hydro power projects in Lao