, the total liabilities were 20,819 million Baht; increased by 472 million Baht, or 2% from 1Q 2018. The increasing of total liabilities comprises of the increase of liabilities from Bill of Exchange of

and we are seeing some volumes repatriated on the Thai market increasing domestic competition. Golden Lime Public Company Limited 4 MANAGEMENT DISCUSSION AND ANALYSIS FOR PERIOD ENDED 30 JUNE 2019 3

the land lease extension and the revised lease amount with mutual agreement to not increasing the lease amount for at least 12 years. The recent land lease extension was made and approved by the

increasing the number of keys in Santiburi Koh Samui from 77 keys to 96 keys. For the six months ended June 30, 2019, RevPar of the Self-Managed Hotels is equal to THB 6,347 with the Average Occupancy rate of

Samui in May 2018, thereby increasing the number of keys in Santiburi Koh Samui from 77 keys to 96 keys In relation to the Self-Managed Hotels, the RevPAR, Average Occupancy Rate, and ADR for the nine

increasing dentist remuneration, employees’ salaries of the office and branches, medical supplies and other supplies, laboratory expense, utilities and tourism cost by Baht 6.19 million and Baht 13.70 million

. 66 2 654 3323 Liabilities As at 30 September 2019, the total liabilities were 20,099 million Baht; decreased by 248 million Baht, or 1% from 4Q 2018. The increasing of total liabilities comprises of

increased volume of international client and certain projects must be outsourced for parts of the projects >> Other expenses from electricity and network increases as a function of increasing headcount

income (Home Service) was Baht 3,739.21 million, a decrease of Baht 130.48 million or down by 3.37% from the same period last year. Despite the increasing transportation costs, the gross profit margin as a

the full-quarter consolidation of International Advertising segment, which was the main driver in increasing the cost-to-sales ratio from 62.1% to 88.6% in this quarter. VGM’s cost structure is higher