suitable and in line with other companies in the same industry. Administrative Expenses For the years ending 31 December 2018 and 2019, administration costs increased from THB 448.6 Mn to THB 489.7 Mn
construction has been completed during early of Q2/2017. In addition, recognition of administration and maintenance cost of assets will begin after the acceptance of construction work. However, direct cost of
liabilities 0.87 52.39 Issued and paid-up capital 158.31 1.00 Unappropriated retained earnings (losses) (0.73) (0.73) Shareholders’ equity 157.10 0.27 Total revenues 0.00 0.00 Total selling and administration
2,083.50 million Baht. However, the company incurred higher selling and administration expenses by 40.42 million Baht; mainly from legal and other advisors. Moreover, the finance cost also rose by 21.29
expenses. As a result, the selling expenses increased from the previous year. Management's Discussion and Analysis and operating results for the Year 2017 Page 5 / 10 3.5 Administration expenses The overall
selling expenses as increasable. 3.5 Administration expenses The Group's administrative expenses increased amount Baht 19.47 million or 23.95 per cent. Due to the administrative expenses of the new business
, (ii) management income of THB 43mn from property management and administration service rendered and (iii) other (sundry) income of THB 122mn. HOSPITALITY SEGMENT HOTEL PORTFOLIO AND PERFORMANCE SNAPSHOT
this year. 3.4 Administration expenses The Group's administrative expense was increased from the same period of previous year in an amounting of Baht 37.57 million or 147.56 percent. Mainly came from Hi
the higher increase in revenue mentioned above, even though the selling and administration expenses were increased to support the expansion of the business. Earnings before Interest, Taxes, Depreciation
from 1st quarter of 2018, which the commission as a result to selling expense as increase from the same period in last year amount Baht 1.09 million or 18.26 per cent. 3.4 Administration expenses The