was largely due to a better performance of WFS Cargo along with an increase in percentage of ownership in SPF from 31.6 in year 2016 to 33.0 percent in year 2017. Unit: million baht January-December
of cash flow, due to which the increase/decrease in net debt as per statement of financial position might be different. Table 8: Debt Profile USD in Millions 2017 2016 Total Debt 2,931 2,850 Bank
net debt on acquisitions. (3) Includes effect of foreign exchange rate changes on balance held in foreign currencies and on the net debt changes over the period of cash flow, due to which the increase
significant increase in selling expenses were mainly due to usage of reservation system together with an additional cost related to employee’s retirement program according to the new Labor Protection Act
promotion and reservation expenses. The significant increase in selling expenses were mainly due to usage of reservation 18 ASIA’S BOUTIQUE AIRLINE system, expenses associated with reservation system and
and necessities for entering the transaction Because the company has excess liquidity from operations and capital increase from IPO during the period .Due to the company has excess cash from operations
1 ( Translation ) Ref. NEP146-2017 October 25, 2017 Subject : Resolutions of the Board of Directors approving the capital decrease, the capital increase, the allotment of newly issued ordinary shares
million (approximately, THB 10 million). 4. Selling, general and administrative expenses was recorded at THB 1,721 million, an increase of 4% YoY, the increment was due in large to the depreciation and