costs (Jones, 1991; Byard et al. 2007) • Income maximization - compensation plans (Healy, 1985; Zang, 2012; Dechow & Skinner, 2000; Cohen and Zarowin, 2010) - to avoid violation of debt covenants (Dichev
sales 27.50 15.60 11.90 76.28% Administrative expenses 10.03 11.19 (1.16) (10.36)% Finance costs 0.33 1.25 (0.92) (73.6)% Profit (loss) before income tax expenses 10.88 (18.07) 28.95 160.21% Income tax
, totaling the net offering of THB 7,351.6 million (after deduction of related fees and expenses). In addition, the Company had repaid loans from the related parties, which was utilized in the acquisition of
business gross profit - - 0.27 57.45 0.27 - 3 2. Advertising Service Business Costs of advertising service business mainly consist of cost of leasing advertising slots and fees for satellite TV use. For the
increased marketing expenses for example increased spending on food delivery services fees such as Food Panda. Administrative Expenses Administration costs were THB 328.6 Mn in 2016 to THB 423.5 Mn in 2017
/ -Decreased / -Decreased Brokerage fees income 410.51 (185.19) 410.51 (185.19) Fees and services income 25.76 (3.38) 25.76 (3.38) Interest income on margin loans 29.04 (5.08) 29.04 (5.08) Gain and return on
for 0.2 percent and 1.9 percent of total revenue respectively. Majority of the airport revenue derived from number flights landed and the passenger services charges from outbound passengers at Samui
expenses amounted to Baht 9.52 million, a decrease of Baht 97.53 million reduced costs associated with reduced revenue. Expenses are as follows. Cost of sales - Real estate development business of Baht 2 .4
amounted to Baht 11.52 million, a decrease of Baht 121.82 million reduced costs associated with reduced revenue. Expenses are as follows. Cost of sales - Real estate development business of Baht 3 . 9 4
sales related to generation and distribution of electricity under SAAM-SP1 mainly includes (1) depreciation expense for the solar power project, (2) operation and maintenance, and (3) other costs such as