., business combination, impairment of assets, revenue recognition using percentage of completion method and general IT controls (“GITC”) • Using the work of an auditor's expert, e.g., engineer and appraiser
can attain an optimum level of operating cost for its food center services business. Cost of hotel operations CPN adopted a new hotel revenue and cost recognition from 2019 onwards in which net revenue
onwards. In 2Q19, CPN record revenue recognition from GLAND as followings; • Total revenue of THB 369 mn and net profit stood at THB 59 mn (for the first six months of 2019, total revenue of THB 814 mn and
decrease of 17.3% YoY, mainly due to the recognition of non-recurring income from the insurance claim under terrorism coverage of THB 3,500 mn in the prior year. Excluding the non-recurring items CPN
decrease of 17.3% YoY, mainly due to the recognition of non-recurring income from the insurance claim under terrorism coverage of THB 3,500 mn in the prior year. Excluding the non-recurring items CPN
Solutions grew by THB 35.31 million or 13.43% from the recognition of license income and implementation fee from projects in Thailand and Malaysia, as well as, organic growth in recurring outsourcing income
economy growth in 2019, the slowdown of Government’s energy Saving programs promoting the replacement of conventional lamps to LED and the delays of sales revenue recognition resulting from product
and the TFRS 9 revenue recognition concept adopted for calculation of interest income and fee income related to loan, as well as reduction of contributions to the Financial Institutions Development Fund
manufacturers. 38% derives from project bonds such as the US$850m Topaz solar bond issue in the US. These project bonds are attractive to institutional investors as they attain investment grade ratings of BBB or
(TFRS 15) on Revenue from Contracts with Customers, effective on January 1, 2019 onwards, CPN has amended the recognition of revenue from food and beverages in 1Q19 to accurately reflect the business