of NAUTIC’s shares. This may result in WORLD missing information or issues that could adversely affect WORLD; (5) WORLD’s controlling power and the right to receive dividends from WIE, both directly
assets in the capital maintenance reports; (2) had concealed business control power and lacked good corporate governance by allowing the person, who was neither a company’s director, executive, nor staff
the shares of ADAM, which can be traded on the Stock Exchange. This act was deceitfully planned with the Board of Directors of ADAM in exercising its power to sign the agreement to buy the shares of
Administration. MACO will leverage the benefits of digitalising its prime media inventory - such as higher visual impact advertising - by converting its existing 188 static street furniture panels to 42 LED
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
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