when that right is conditioned on something other than the passage of time (i.e. the entity future’s performance)” Opening and closing balances of contract assets Relationship between the timing of
decreasing in sales from FiT premium as the result of expiration of FiT Premium period of one biomass power plant in the third quarter according to conditioned in the FiT power purchase agreement which result
format) to a 2-storey air-conditioned shopping place “Sun Plaza”. These projects enhanced competitiveness of the asset and led to strong occupancy rate and a gradual increase in effective rents of
refurbishment of common area, adding new retail tenants, conversion of a retail space (day-market format) to a 2-storey air-conditioned shopping place “Sun Plaza”. These projects enhanced competitiveness of the
decreased by Baht 10.5 million from the first quarter of 2020 as conditioned in the FiT power purchase agreements. In addition, gross profit margin of Municipal Solid Waste Power Plant for the first quarter
make an appropriate assessment of the overall environmental performance. The variation of the bond’s financial and/or structural characteristics is conditioned by the achievement of a 50% reduction of
plants, have planned-shutdown hours in the first half of 2021 higher than the first half of 2020. Moreover, sales from FiT Premium of the year 2021 decrease from the year 2020 as conditioned in the FiT
conditioned in the FiT power purchase agreements. This was lead to the decrease of gross profit margin of biomass power plant. However, gross profit margin of municipal solid waste power plant for third quarter
from 35.9% to 33.5% mainly derived from the decreasing in sales from FiT Premium as the result of the expiration of FiT Premium period of three biomass power plants during the year 2021 as conditioned in
according to conditioned in the FiT power purchase agreement. Administrative expenses Q1-2022 Q2-2022 Q3-2022 Q4-2022 2021 2022 THB Mn THB Mn THB Mn THB Mn THB Mn % THB Mn THB Mn THB Mn % Administrative