Consolidated Financial Statements Separate Financial Statements Clause Samples

Consolidated Financial Statements Separate Financial Statements. As at June 30, 2020 As at December 31, 2019 As at June 30, 2020 As at December 31, 2019 Payable : In up to 1 year 2 3 1 2 26.4 Bank guarantees As at June 30, 2020 and as at December 31, 2019, bank guarantees issued by banks on behalf of the Company and the subsidiary in respect of certain performance bonds as required in the normal course of business were as follows. Consolidated Financial Statements Separate Financial Statements As at June 30, 2020 As at December 31, 2019 As at June 30, 2020 As at December 31, 2019 Guarantee of construction contract and bidding 1,699 1,605 398 729 Guarantee of advance payment bond and retention 1,860 1,417 795 407 Total 3,570 3,028 1,197 1,141 As at June 30, 2020, the Company and its subsidiaries had the obligations from related parties to use the letter of guarantee of the Company and its subsidiaries amounted Baht 2 million (December 31, 2019 : Baht 2 million).

Consolidated Financial Statements Separate Financial Statements. As at March As at December As at March As at December

Consolidated Financial Statements Separate Financial Statements. For the three-month For the three-month periods ended September 30, periods ended September 30, 2012 2011 2012 2011 Profit for the period (Thousand Baht) 32,645 15,391 32,861 15,681 Weighted average number of ordinary shares (Thousand Shares) 1,185,985 1,185,985 1,185,985 1,185,985 Basic earning per share (Baht per share) 0.028 0.013 0.028 0.013 Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, 2012 2011 2012 2011 Profit for the period (Thousand Baht) 56,908 56,444 57,610 57,245 Weighted average number of ordinary shares (Thousand Shares) 1,185,985 1,185,985 1,185,985 1,185,985 Basic earning per share (Baht per share) 0.048 0.048 0.049 0.048 21. CORPORATE INCOME TAX Corporate income tax for the year 2011 is calculated by multiplying from tax profits by the rate of 30% of net profits. Corporate income tax is calculated by multiplying earnings represents net profit before income tax for the period, after adding back certain expenses which are non-deductible for income tax computation purposes, and less certain transactions which are exemption or allowable from income tax. According to the Royal Decree 530 (B.E. 2554) dated December 14, 2011 issued under the Revenue Code, regarding the reduction of income tax rates, corporate income tax for the year 2012 is calculated by multiplying from tax profits by the rate of 23% of net profits, and for the year 2013, onwards by the rate of 20% of net profits. The Company computed corporate income tax based on the revenue and expense recognition principle in accordance with the Revenue Code and Instruction of the Revenue Department No. Por 61/2539 regarding the calculation of net profit and net income for real estate business, which differs from the accounting principles selected to apply in certain cases, such as recognition of revenue and cost of sales, capturing of interest expense and depreciation of assets under utilities system development for common facilities, etc, as follow; Recognition of revenue from sales and cost of sales Projects launched before 2007 - Recognizing revenue based on the installment due Projects launched after 2007 - Recognizing revenue based on percentage of completion method Recognizing revenue when the significant risk and rewards of ownership have been transferred to the buyer. Interest expenses Capturing interest to cost of project until the project completing for sale only Capturin...

Consolidated Financial Statements Separate Financial Statements. 2022 2021 2022 2021

Consolidated Financial Statements Separate Financial Statements. As at September As at December As at September As at December Not yet due 229 264 - - Over 0 month to 3 months - - - - Over 3 months to 6 months - - - - Over 6 months to 12 months - - - - Over 12 months 326 331 326 331 Total 555 595 326 331 Changes in the allowance for doubtful accounts during the periods are as follows:-

Consolidated Financial Statements Separate Financial Statements. For the three-month periods For the three-month periods ended June 30, ended June 30, 2016 2015 (Restated) 2016 2015 (Restated) Profit (loss) for the period (Thousand Baht) 33,452 44,793 34,592 45,705 Weighted average number of ordinary shares (Thousand Shares) 1,245,284 1,245,284 1,245,284 1,245,284 Basic earnings (loss) per share (Baht per share) 0.027 0.036 0.028 0.037 Consolidated Financial Statements Separate Financial Statements For the six-month periods For the six-month periods ended June 30, ended June 30, 2016 2015 (Restated) 2016 2015 (Restated) Profit (loss) for the period (Thousand Baht) 21,193 76,323 23,159 76,044 Weighted average number of ordinary shares (Thousand Shares) 1,245,284 1,245,284 1,245,284 1,245,284 Basic earnings (loss) per share (Baht per share) 0.017 0.061 0.019 0.061 22. DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES

Consolidated Financial Statements Separate Financial Statements. As at September As at December As at September As at December Trade accounts receivable Related parties Overdue: Over 12 months - - - - - - - - Other parties Within credit term 984 596 795 369 Overdue: Less than 3 months 627 802 560 665 3 - 6 months 1,082 643 833 618 6 - 12 months 458 134 384 76 Over 12 months 8,015 8,072 7,760 7,744 11,166 10,247 10,332 9,472 Trade accounts receivable - net 5,656 4,732 4,940 4,075 Other receivables - net 397,542 230,918 1,248,475 1,021,167 Total trade and other receivables - net 403,198 235,650 1,253,415 1,025,242 The receivables, overdue over 12 months, had the retention and deposit. The Company did not record the allowance for doubtful accounts. The normal credit term granted by the Group ranges 30 days.

Consolidated Financial Statements Separate Financial Statements. For the three-month periods ended September 30, For the three-month periods ended September 30, Management Management benefit expenses Short-term employee benefits 5,599 5,452 5,178 4,732 Post-employment benefits 194 140 190 129 Total 5,793 5,592 5,368 4,861 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, 2019 2018 2019 2018 Management Management benefit expenses Short-term employee benefits 16,104 17,219 14,641 15,057 Post-employment benefits 584 449 571 417 Total 16,688 17,668 15,212 15,474 6. TRADE ACCOUNTS RECEIVABLE As at September 30, 2019 and December 31, 2018, the aged analysis of trade accounts receivable are as follows : Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December Current 256,110 159,200 188,982 126,846 Less than 3 months 71,950 85,518 18,096 16,334 3 months - 6 months 8,956 6,499 6,155 1,986 6 months - 12 months 4,414 2,241 1,861 979 Over 12 months 4,193 6,763 2,569 2,214 Total 345,623 260,221 217,663 148,359 Less Allowance for doubtful debts (4,910) (6,339) (1,995) (2,026) Net 340,713 253,882 215,668 146,333 Overdue : Current 5,463 4,385 7,221 6,900 Overdue : Less than 3 months - 113 179 751 3 months - 6 months - - 10 - Net 5,463 4,498 7,410 7,651 During the periods, the movements in allowance for doubtful accounts are as follows : Balance as at January 1, 2019 6,339 2,026 Add Additions during the period - - Less Reversed during the period (1,429) (31) Balance as at September 30, 2019 4,910 1,995 During 2019, the company and its subsidiaries had a reversal of allowance for doubtful accounts caused by receiving a refund from customer amounted Baht 1,317,172.34 and written-off amounted Baht 110,957.80 (Company only caused by receiving a refund from customer amounted Baht 31,192.16).

Consolidated Financial Statements Separate Financial Statements. For the years ended December 31, For the years ended December 31, 2019 2018 (Restated) 2019 2018 (Restated) Profit (loss) for the years to equity holders (Thousand Baht) Profit (loss) attributable to equity holders of the parent company 13,270 246,270 72,630 266,551 Weighted average number of ordinary shares (Thousand shares) 593,126 593,126 593,126 593,126 Basic earnings (loss) per share of the parent company Profit (loss) for the years (Thousand Baht per share) 0.02 0.41 0.12 0.45