, the newly-issued shares which the Company will allocate to accommodate the investment in the ordinary shares of KPN Academy to the Existing Shareholders may change, depending upon the market price of
| www.shotelsresorts.com Page 2 of 9 Discussion of results of operations: Year 2018 and Year 2019 Year 2018 Year 2019 Change THB million % THB million % THB million % Revenue from services 2,575.7 100.0% 3,818.1 100.0
Summary of operations and the factors that make a significant change Summary of Operations for the Year 2022 Operation Overview Annual Balance Change 2022 2021 2022 VS 2021 Million baht (MB) (MB) % Total
Other operating expenses 715.7 681.4 5.0 682.8 4.8 2,768.1 2,720.6 1.7 Bad debts, doubtful accounts and impairment loss 60.0 70.0 (14.3) 130.0 (53.8) 570.2 617.2 (7.6) Income tax expenses 135.0 155.3
Operating income 2,106.6 1,776.7 18.6 1,769.4 19.1 3,883.3 3,711.7 4.6 Other operating expenses 759.1 731.4 3.8 684.5 10.9 1,490.5 1,370.9 8.7 Bad debts, doubtful accounts and impairment loss 470.0 100.0
operating expenses 681.4 684.5 (0.5) 675.7 0.8 2,052.4 2,037.9 0.7 Bad debts, doubtful accounts and impairment loss 70.0 110.1 (36.4) 140.0 (50.0) 510.1 487.2 4.7 Income tax expenses 155.3 168.4 (7.8) 146.9
our new and existing customers. Unit : million Baht Jan - Sept 2020 % Jan - Sept 2019 % Change %YoY Sales and Services Revenues 382.82 99.4 250.79 99.6 132.03 52.6 Other income 2.33 0.6 0.94 0.4 1.39