Page 90 - Amata-one-report2020-en

Leases

On adoption of TFRS 16, the Group recognised lease liabilities in relation to leases that previously classified
as operating leases measured at the present value of the remaining lease payments, discounted using the Group’s
incremental borrowing rate as of 1 January 2020. For leases that previously classified as finance leases, the Group
recognised the carrying amount of the lease assets and lease liabilities before transition as right-of-use assets and
lease liabilities, respectively at the date of initial application.

Long-term baht debentures
On 9 April 2020, the 2020 Annual General Meeting of the Company’s shareholders passed a resolution, to offer and
issue the debentures in the total amount of Baht 6,000 million. On 1 October 2020, the Company issues the long-term
debentures No.1/2020 with a face value of Baht 1,000 each, totaling Baht 2,000 million.

The Company redeemed the senior and unsecured debenture 1/2017 that mature on 5 October 2020 amounting
to Baht 1,000 million.

Additional charges to Vietnamese government agency

During the fourth quarter of the current year, the subsidiary paid additional delay penalty of Baht 30 million or
VND 22 billion to the central government of Vietnam for the late payment during the period in which the subsidiary
was waiting for the pending decision of the central government agency regarding the clarification and the waiver of
additional penalties.
Share capital / Premium on ordinary shares

On 24 July 2020, the Board of Directors’ meeting of the Company passed a resolution for the increase in share capital
from the existing registered capital of Baht 1,067 million to Baht 1,150 million by issuing 83 million new ordinary shares
with a par value of Baht 1 per share. The shares are to be allocated to the existing shareholders. On 21 September 2020,
the Company has registered the increase in share capital with the Ministry of Commerce and received the proceeds
of an increase in share capital. The premium on ordinary shares increased to Baht 1,070 million.

Statutory reserve
Pursuant to Section 116 of the Public Limited Companies Act B.E. 2535, the Company is required to set aside to
a statutory reserve at least 5 percent of its net profit after deducting accumulated deficit brought forward (if any), until
the reserve reaches 10 percent of the registered capital. At present, the statutory reserve has fully been set aside.

Factors or events that may have significant impact on the Company’s financial

performance or financial status (forward looking)

Industrial estates and urban areas development businesses during the initial stage of the Company’s project in each
country required to use a lot of investments and payback period took quite a long time, and currently, the Company
has plans to expand its business, both domestically and internationally. Thus, the Company has to find adequate source

of fund to support its liquidity for operating businesses continually.

Risk Incurred

Even though, the Company has strong financial positions, but the Company has a large amount of loans and
also has plans to use investments in many of its projects, therefore, the Company may have risk from financial crisis
caused by external factors, such as national and regional economic conditions, change of financial policies of the public

90 56-1 One Report 2020