transfer fees are in line with the income derived. 4.2 Administrative Expenses For year 2015, the administrative expenses was increased by Baht 393.34 Million or 350.84 percent compared to year 2014, due to

(Table 5) consisted of: Table 5: Cost of Property Development (Baht 1,000) Net book value as at January 1, 2016 852,096 Purchases/transfer in 57,262 Disposals/transfer for (368,575) Loss on impairment of

4.3% YoY to THB 1,462mn mainly due to the expansion of hotel business through new hotels launch, through new acquisitions and the contribution from acquired assets under the Entire Business Transfer of

with the investment value. In case that the company increases its capital, such capital increase shall be done before the transfer of share to Yunnan Water (Hong Kong) Company Limited (YUNNAN). 2/3 เลข

capital, the Company transfer money to advance capital to invest. Total Liabilities As at 31 March 2018, total liabilities was Baht 1,337 million, increased by Baht 131 million from the ended 31 December

increase in selling expenses was in line with the percentage increase in sales such as transfer fee, specific tax, commission and other fees etc. However, selling expenses of total sale in 1Q2018 was 20. 4

at the cost of Baht 15.54 million at 70-75% of the selling price. 2.2Selling expenses in the amount of Baht 64.19 million, mainly for the specific business tax paid on the land transfer date and

leasable areas in the CentralFestival Phuket Project. 3) CPN shall purchase or transfer ownership of properties within the Central Department Store (such as system work, tools, and equipment within the

increase in selling expenses was in line with the percentage increase in sales such as transfer fee, specific tax and other fees etc. However, selling expenses of total sale in 2Q2018 was 16. 3% lower than

expenses. Specific business tax and transfer fee were in accordance to revenue. 4.2 Administrative expenses In the first quarter 2019, the administrative expenses at Baht 23.09 million, increased Baht 0.84