Administration. MACO will leverage the benefits of digitalising its prime media inventory - such as higher visual impact advertising - by converting its existing 188 static street furniture panels to 42 LED
adjusted administration and operation strategies to create turnover to return profits to shareholders as soon as possible. In 2019, it perceived clearly that with the effort of the committee, executives and
suitable and in line with other companies in the same industry. Administrative Expenses For the years ending 31 December 2018 and 2019, administration costs increased from THB 448.6 Mn to THB 489.7 Mn
liabilities 0.87 52.39 Issued and paid-up capital 158.31 1.00 Unappropriated retained earnings (losses) (0.73) (0.73) Shareholders’ equity 157.10 0.27 Total revenues 0.00 0.00 Total selling and administration
expenses. As a result, the selling expenses increased from the previous year. Management's Discussion and Analysis and operating results for the Year 2017 Page 5 / 10 3.5 Administration expenses The overall
the higher increase in revenue mentioned above, even though the selling and administration expenses were increased to support the expansion of the business. Earnings before Interest, Taxes, Depreciation
administration expenses amounted to THB 949.06 million, decreased by THB 15.07 million YoY (-1.56%). The decrease was primarily due to a decrease in marketing expenses of THB 68.21 million because there was no
company. 2. The use of Business Administration Agreement and Royalty Fee agreements. 3. The sale of Aeon Microfinance (Myanmar) Company Limited to Aeon Financial Services Co.,Ltd. *For more details, please
improved from the same period of the previous year by THB 15 million, as it was a high season in Q1/2019, resulting in the increased wind speed within the project’s area. Management Discussion and Analysis
higher wind speed from 2 Tropical Depressions traveled into the area. However, in Q2/2017 share of profit was recorded for 6 months from January to June 2017 after BCPG Plc. has successfully received