using the straight-line method for depreciation and apply the revised estimated useful lives for the financial statements starting 1st January 2020. The details of the estimated useful lives of assets in
extension for CentralPlaza Rama 2, based on a straight-line depreciation method for the duration of the new lease agreement. The incremental cost of rent and service is approximately THB 100 mn per quarter
Equity Coverage Central Pattana Public Company Limited Management’s Discussion and Analysis (MD&A) 1 of 10 Performance Overview Continuous growth in both revenue and net profits, attributed to
straight-line amortization method is applied until the expiry of the aforementioned land lease agreement. • Higher operating and depreciation costs of newly opened malls and renovated projects in 2017
extension agreement on June 28, 2018, which is effective until 2055 and 2060 (some parts). Hence, a straight-line amortization method is applied until the expiry of the aforementioned land lease agreement
30% of cost of rent and services) for shopping mall operations, increased from the same period a year earlier due to the continuous rise in electricity Ft rate since May 2017. CPN, meanwhile, achieved
lease extension for CentralPlaza Rama 2, which was made at the end of June 2018. Based on a straight-line depreciation method for the duration of the new lease agreement, the incremental cost of rent and
. • Since 3Q18, CPN has recognized the cost of rent and services following the land lease extension for CentralPlaza Rama 2, based on a straight- line depreciation method for the duration of the new lease
same period a year earlier due to the continuous rise in electricity Ft rate since May 2017. CPN, meanwhile, achieved efficiency gains with the reduction in electricity unit consumption compared to last