reduction. However, outstanding loss remained due to 1) sales shrinkage; 2) higher cost as a result of higher depreciation from investments in machinery; 3) higher financial costs from investments; and 4) one

6,529.7 6,903.4 (373.7) (5.4) Other Income 70.1 51.4 18.7 36.4 Cost of Sales and Service 5,414.9 5,882.8 (467.9) (8.0) Cost of equipment for lease 90.2 59.1 31.1 52.6 Selling Expenses 264.8 215.3 49.5 23.0

first Vienna House hotel in Asia. Vienna House Asia Limited, a 30:70 JV Company between Vienna House and Absolute Hotel Services Hong Kong, signed a new hotel management service agreement for a 775-key

business to record an inventory loss of THB 107 million (including lower of cost or market (LCM) of THB 15 million). As for the trading business operated by BCP Trading Pte., Ltd., its performance was

Company’s liquidity problem and inability to repay a large amount of debt. Through the years, the Company engaged in several debt restructurings, as in 2010, where the Company entered into an agreement for

made once in cash for a total amount of 110,066,200 baht. 4. Basis used in determination on the value of consideration. It is agreement between buyer and seller by considering at present value of total

the entitlement for Franchise for 10 Years. Numbers of branch entitled for Franchise are 25 branches at the amount of 50 MB. Terms of agreement for each branch when HHC entered into the operation are 12

in Icon Branches in Bangkok by granting HHC the entitlement for Franchise for 10 Years. Numbers of branch entitled for Franchise are 25 branches at the amount of 50 MB. Terms of agreement for each

purchase agreement, including an initial payment of THB 10 million, which is below normal commercial terms and inconsistent with the transaction value, and that the remaining amount is to be paid within

quarter of 2018. Moreover, ICUK shall also give an emphasis on cost reductions particularly in redundant procedures to deliver appropriate rate of return on sales. In term of sales, ICUK continues to gain