decrease from 188,153 gigawatt-hours in 2016. A decrease in electricity consumption was mainly resulted from an increasing trend of Independent Power Supply and the governmental promotion of energy saving
increase in employee and management expenses to comply with industry rate by THB 14.57 million, rental expense of assets for using in operations from related persons (referenced by an independent appraiser
ordinary shares including, but not limited to, determining subscription period or determining conditions and any details pertaining to such allotment of new ordinary shares; (2) determine or change method
(only for independent directors) which was approved in Extraordinary Shareholder’s meeting on August 28, 2017, resulted to an increase in expenses in 2018 3. Finance costs Finance cost for 2017 and 2018
the Company in June 12, 2018. Discussion of results of operations Consolidated financial statements Six Months 2018 Six Months 2019 % Change from Six Months Ended 2018 and 2019 THB million % THB million
Company Limited S Hotels & Resorts, A Singha Estate Company | www.shotelsresorts.com Page 2 of 8 Discussion of results of operations Consolidated financial statements 9 Months 2018 9 Months 2019 % Change
comparative information. 2) The Board of Directors’ meeting on the 15th of January 2020 approved the appointment of Mr. Vichet Kasemthongsri as Independent Director and Audit Committee member, effective from