amounting to Baht 1.87 million and Baht 3.85 million for the year ended 31 December 2016 and the year ended 31 December 2017, respectively. The selling expenses to revenue ratios for those years stood at 0.45

started to recognize revenue and expenses in the fourth quarter of 2018. 3 Administrative expense Administrative expense was 38.5 MB increased by 6.3 MB or 19.6% YoY. The Company has increased the

. Which is in accordance with the proportion of the revenue. 2 / 2 3. Expenses The Company had administrative expenses in the amount of Baht 104.07 million which decreases in the amount of Baht 19.46

follow: Note: The Company has adjusted the sales’ expenses to deduct and show the net amount in sales revenue resulting in a decrease in sales revenue and gross profit. As the for distribution cost, the

expenses to total revenue ratio in 2019 rose 0.04% resulting primarily from decreasing in total revenue. Administrative expenses to total revenue ratio in 2019 decreased 1.04% due to realization of

% -13.92% + (-) For the Year 2019 (Million Baht) Selling and Administrative Expenses 2018 4 | MANAGEMENT DISCUSSION AND ANALYSIS 2019 Selling expenses to total revenue ratio in 2019 rose 0.04% resulting

resulting from ongoing repair and maintenance of the overall power generator which gradually improve power supply capacity and escalate power to grid. 1.3 Expenses Selling expenses to total revenue ratio in

decreasing of fattening pig price. Selling and Administration Expenses Selling and administration expenses in Quarter 1/2019 increased by Baht 14.5 million or 11.3% due to annual merit increase and revenue

expenses. As a percent of total revenue, selling expenses decreased from 4.2% in the 2nd quarter 2018 to 3.0% in the same period of 2019. For the six months ending 30 June 2018 and 2019, selling expenses

) Other Transaction There were Baht 5.2 million gain from fair value of swine in the second quarter 2017 and Baht 7.7 million and Baht 4.3 million from new office building revenue and expenses. 5) Financial