at 31st March 2018 and 2017 stood at Baht 677.43 million and Baht 655.42 million respectively. The decrease in liabilities was the repayment of short-term loans from financial institutions by the
capital increase from Initial Public Offering would result in the marked decrease in Debt-to-Equity ratio and financial costs going forward. Management’s Discussion and Analysis S Hotels and Resorts Public
action process to decrease the proportion shareholding in beauty business to reduce the negative impact to the Company. The Company; therefore, has a plan to acquire land and buildings to do the new
control over slow moving stock. However, Gross profit of hotel business had more loss by THB 5.41 million causing from the decrease in hotel revenues as mentioned above. Selling and Administrative expenses
or 49.9% compared from the same period last year. This is the extremely success of Debt Management Business. 3. Rental income and other services was equivalent to 161.10 million baht, the decrease in
this increase partially offset by decrease of account receivable from factoring and decrease in loan to related parties. Total liabilities decreased by Baht 697.07 million while total shareholders
ENDED DECEMBER 31, 2017 1. Operating performance as compar ison analysis between those in the year 2017 and 2016 in consolidated financial statement. Description 2017 2016 Increase (Decrease) Amount
subsidiaries financial statement for the fiscal year 2014, ended as of December 31, 2014 (Revised Version) which details are as following; Result 2014 (Revised Version) 2013 Increase (Decrease) Million Baht
subsidiaries financial statement for the fiscal year 2015, ended as of December 31, 2015 which details are as following; Results 2015 (Revised Version) 2014 (Revised Version) Increase (Decrease) Million Baht