increased in sales revenue, at the same time the company and its subsidiaries recorded allowance for doubtful accounts totaling 126 million baht, compare to 2017 of 99 million baht, respectively due to higher

below its fair value recorded as the book value of asset, according to the accounting standard, while there was no impairment of asset during 2018.  Finance costs for 2018 stood at THB 1,179.3 mm which

-2018, it found that the increased rate of those was higher than the increased in revenue, due in Q4-2018, those had been recorded the additional allowance for doubtful account of overdue receivables and

by higher transfer value of residential properties and fair value adjustments on investment properties recorded in 2018 and 2019. Page 7 of 7 Singha Estate Public Company Limited Management Discussion

debt settlement. For some debtors were overdue with their term payment, the Company set the net unrealized values at 0.26 million baht. The Company recorded the allowance for doubtful account for only

% YoY. Nevertheless, Outdoor media - our focus segment- recorded THB 1,525mn in advertising expenditure, an increase of 3.8% QoQ and 11.0% YoY, benefiting from a shift in people’s behavior to spend more

Office of the Securities and Exchange Commission (SEC) ordered to revise the 2015 financial statements and the 2nd quarter of 2016 financial statements. In this case, the Company recorded the allowance for

Exchange Commission (SEC) ordered to revise the 2015 financial statements and the 3rd quarter of 2016 financial statements. In this case, the Company recorded the allowance for doubtful debts for the revised

, mainly due to increasing in management fee of office rental business and increasing in the revenue recorded from the retention guarantee forfeited from the contractors who breached the conditions of

Equity Method and separately presented under share of profit from investment in a joint venture. Hotel business recorded a revenue growth of 19% YoY in 3Q17 and 10% YoY in 9M17. During 2016, Phi Phi