legally qualified, to take part in the management and administration of the Company. Therefore, it is an investment with the intention to hold the shares of the Company in a long run, rather than to
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
previous year in an amounting of Baht 2.06 million or 24.70 percent. Mainly came from commission expense from Hi Healthcare center Co., Ltd. for improve sale and service. 3.4 Administration expenses The
adjusted administration and operation strategies to create turnover to return profits to shareholders as soon as possible. In 2019, it perceived clearly that with the effort of the committee, executives and
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
construction has been completed during early of Q2/2017. In addition, recognition of administration and maintenance cost of assets will begin after the acceptance of construction work. However, direct cost of
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