increase of interest cost from SOE construction loans, whereas in the previous year the Company had the prepayment fee from re-financing which recognized as a one-off expense of Baht 212 Million but there

or 35.92%. This was mainly due to the increase in the number of office employees to support the branch expansion plan. Moreover, in February 2017, the Company recorded the expense for the annual staff

Bt136.2 million, or 8.6%(y-o-y). Representing operating profit margin before finances expense and income taxes (EBIT margin) at 39.8% which was lower than 42.7% of 2016. Resulted the EBITDA was totaled

residential projects, write-off/impairment of asset, one-time income/expense, etc. Total Revenues In 4Q17, Singha Estate reported consolidated total revenues of Bt2,564mn, representing a growth of 80% YoY and

. 4 Administrative expenses In 2017, the Group has the administrative expense of Baht 951 million, which is increased by Baht 177 million or 23% compared to those of prior year. It results from the

%. An increasing was mainly from administrative expenses which results from bad debt allowance in lending business and personal expense increase from business expansion. Operating profit in 2017 was 1,109

can be no assurance that the Fund will achieve its investment objective. Fund Basics Total Fund Assets (in millions) $271.46 Management Fee 0.95% Estimated Total Expense Ratio 1.13%1 Minimum Investment

ความเพียงพอ ของเงินกองทุน ดงัต่อไปน้ี หมายเหตุ : * EB คือ เงินกองทุนท่ีอา้งอิงค่าใชจ่้ายท่ีเก่ียวขอ้งกบัการประกอบธุรกิจ (expense-based) ** RB คือ เงินกองทุนท่ีอา้งอิงกบัรายไดท่ี้เก่ียวขอ้งกบัการประกอบ

the actual charge will be subject to the employee’s headcount and actual expense. 7.1.3 Consultant Service transaction 1. Contract Date: January 1, 2019 - December 31, 2019 2. Partners of Contract

decreased significantly in comparison to the previous year as a result of decrease in number of management and administrative staffs as well as a decrease in marketing expense. Asset impairment and loss from