Investor Presentaiton
CPN
1
20-yrs lease
PTB & Hitlon
CPN
THB 11,908 mn
1
CPNREIT Accounting Impact
Transactions on transfer of assets at Pattaya Beach
CPNREIT
Sublease
3+3+3 yrs
a
SPV
Hilton
Rental expense
Revenue from Hotel
PATTAYA
Accounting
Record immovable asset sales
Dr. Cash
Withholding Tax
Cr. Unearned income
Record movable asset sales
Dr. Cash
75 mn
35 mn
Gain on movable asset sales
40 mn
Cr. Equipment
Balance Sheet:
Assets
Cash
11,316 mn
11,241 mn
Other AR (WHT)
592 mn
592 mn
Equipment
(34) mn
11,833 mn
Liabilities
CL
Advance received from rental income 592 mn
Non-CL
Unearned income
11,241 mn
Income & Expense occurred from asset
transfer
P&L:
Other income
Gain on movable asset sales
Acquisition Fee (1.5% of new asset)
Prepared by CPN Investor Relations
Other expenses (34.5mn)
FA Fee
Legal Fee
Auditor Fee
Pre-AGM, AGM
Appendices
40 mn
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