respectively. The proportion of administrative expenses incurred compared to total revenues were 18.3% and 21.7% respectively. The increase arise mainly from the advisory fees which were mostly one-off expenses
one-off item. However, if excluding the one-time excessive charge considered as one-off item, the utilities income increased by THB 18.1 mm or 3.5%, compared to the same period of previous year. This
were 15.2% and 21.3% respectively. The increase arise mainly from the advisory fees which were mostly one-off expenses regards to becoming a listed company in the Stock Exchange of Thailand. Moreover
previous year mainly due to increases in administrative expenses related to employee and development of renewable energy projects to support overseas business expansion, as well as write-off deposit and
-One and Dividends Received from Investments in Glow IPP. 5 Revenue Levelization adjustments under TFRS 15 of GHECO-One 6 Normalized Profit for 2018 is adjusted with Write Off tax and Adjustments of
1,159.4 mm mainly due to adoption of new accounting standard (TFRS 15) reflecting Gheco-One. 3. Increase in property, plant and equipment of THB 723.6 mm mainly due to the expansion in solar business. 4
of GHECO-One 6 Normalized Profit for 2018 is adjusted with Write Off tax and Adjustments of Revenue Levelization (TFRS 15) for comparison purposes. Normalized Profit for 2019 has effects from TFRS 15
of GHECO-One 6 Normalized Profit for 2018 is adjusted with Write Off tax and Adjustments of Revenue Levelization (TFRS 15) for comparison purposes. Normalized Profit for 2019 has effects from TFRS 15
, sales & marketing expenses for the launch of new residential projects, write-off/impairment of asset, one-time income/expense, etc. Residential Business As the Company’s high-rise projects – namely ‘The
mall management and effective operating costs control The Thai economy in 2Q17 continued to expand and recovered at a modest pace, driven by export of goods which showed a high expansion, and the tourism