Company’s expenses mainly consist of operating and administrative expenses, bad debt and doubtful accounts and finance cost. In the first half of 2017, the Company had total consolidated expenses of 7,329

53.8 28.9 Samui Property Fund (SPF) 129.7 114.7 15.0 13.1 364.8 326.8 38.0 11.6 Share of Profit from Investments in Associates 214.2 185.1 29.1 15.7 604.9 513.1 91.8 17.9 Expenses Expenses consist of

Expenses consist of costs of sales and services, selling expenses and administrative expenses with details as follows: Unit: million baht January-December 2017 % 2016 % Variance Amount % Cost of sales and

Baht, or 57.69% compared with 2017. Total liabilities of 988.16 Million Baht, increased 400.54 Million Baht or 68.16% compared to 2017. Current liabilities at the end of 2018 consist of; - Short-term

420.7 476.3 (55.6) (11.7) Share of Profit from Investments in Associates 802.5 815.9 (13.4) (1.6) Expenses Expenses consist of costs of sales and services, selling expenses and administrative expenses

31, 2019, VHG II will receive rights of operating lease of 17 existing hotels (total number of room is 1,792 room keys) consist of hotels under (1) arcona brand, (2) arcona Living brand and (3

) (0.12%) 0.00 0.00% (0.02) (2,300.00%) Revenue Total revenues from operation of SAAM Group consist of (1) revenues from provision of service and rental including the procurement of project land site and

Property Fund 110.8 133.1 (22.3) (16.8) Share of Profit from Investments in Associates 198.0 219.4 (21.4) (9.8) 17 ASIA’S BOUTIQUE AIRLINE Expenses Expenses consist of costs of sales and services and

revenue from financial solutions 23.53 17.9% 20.52 15.5% 3. Other income1 2.18 1.7% 3.43 2.6% Total revenues 131.45 100% 132.54 100% 1 Other income consist of interest income, dividend income and gain on

40.48 percent increase when compared to the same period in 2018 as amounting of 23.46 Million baht. - Finance costs consist of interest expense and banking fee of 17.16 million baht, an increase of 1.14