increase in deposits from long-term lease agreement as a result of the new contracts that the Company has secured during this period. Shareholder’s equity As of 31 December 2017, the Company had total
contracts and resulting in a favorable business performance throughout the year. The Company reports the total revenue of 958.52 million THB in 2017, increased by 387.56 million THB or 67. 88% compared to the
revenue, and higher hotel personnel expenses, which incurred to support the expansion of hotel management business in which the Company has successfully secured the management contracts. The company’s
, the Company has entered into cross currency interest rate swap contracts to hedge its debt. However, the Company has unused unsecured revolving credit facilities as of February 29, 2020 totaling 3,000
transaction and establishment of Subsidiary, as necessary and appropriate under relevant laws. This includes the signing, certification, amendment of all contracts and other documents related to such
has adopted TFRS 15, Revenue from Contracts with Customers, on modified retrospective approach. As a result, AIS elected to recognize the cumulative effect of initially applying this Standard as an
) asset light expansion of Vienna House and AHS mainly via new management contracts and operating leases, (ii) office space renovation to enhance NFA and grow rental revenue together with expense control
cancellations of some of our long-term contracts. To resolve this situation, we are in the process of acquiring additional 40.0% in PBSB, allowing MACO to gain control over PBSB in order to maximise the selling
discontinuation of management contracts. The occupancy rate also increased by 1.2% to 73.8%. Overall ADR slightly decreased to MANAGEMENT DISCUSSION & ANALYSIS 2Q 2019 14 AUGUST 2019 U CITY PCL 2Q 2019 - MD&A (for
) Sign, approve and perform any documents or contracts that necessary and relate to the redemption and transfering process of Land and Buildings which is approved by the Shareholders meeting or negotiated