from US- China trade war, was another reason of decreasing of Chinese visitors. Thailand economic was favorably supported by domestic demand including private consumption and investment as well as

% Total current assets 7,279 13,114 14,283 96% 9% Non-current assets Investment properties (1) 81,111 84,972 107,889 33% 27% Leasehold rights 11,240 11,207 13,960 24% 25% Property & equipment (PP&E) 1,698

investment in marketable securities during the period. Property, Plant and Equipment increased by 88.0 million baht, mainly from an acquisition of property, plant and equipment, largely from aircraft (2-ATR72

purchase of investment in a subsidiary 10,092 1.61% - 0.00% 10,092 0.00% Reversal of allowance for short-term loan and interest receivable 36,761 5.86% - 0.00% 36,761 0.00% Reversal of allowance for

increase in investment in NRIP of THB 681 million (2) an increase in available-for-sale investment of THB 102 million resulting from fair value adjustment, and (3) a decrease in property, plant, and

close 2016 result from the company have entered into the Intellectual Property & Technology License Agreement with one related company, in order to enhance the capability to develop new products to catch

this lower gross margin in 2019. However, The company believes that this investment would be a key factor for competitiveness enhancement in the long run. Selling and administrative expenses Selling and

or indirectly holds not less than 99 percent of total issued and fully paid-up shares, and Singha Property Management (Singapore) Pte. Ltd. ("SPM SG") and/or other subsidiaries in which SPM SG directly

under Clause 4(4) are persons holding the following positions: (1) fund manager; (2) property fund manager; (3) infrastructure mutual fund manager; (4) derivatives investment manager; (5) investment

Land of Takuni Land at book value per the financial statement as at 31 December 2017 93.45 Land that bought from connected persons 41.55 Development cost 254.51 Total cost 389.51 % of investment in