S&P MD&A 2017-Revised Year In Comparison Table -1- Ref. POL. 028/2018 February 23, 2018 Re: Clarification of the Performance of S & P Syndicate Public Company Limited Dear The President The Stock
decrease of 126.0 million baht, or 6.5%, compared on the same period from last year which vary with revenues from sales of real estate as table shown above. 2. Selling expenses, in the period of Quarter3
results were, Description 1H/2016 1H/2017 Differentiate (Unit: Million THB) Million THB % Million THB % Million THB % Operating Revenue Income from Sales of real estate 991.3 97.14 2,024.2 98.53 1,032.9
. Table 9: The comparison of deferred tax assets between year 2017 and 2016 (Baht 1,000) Items 2017 2016 ±% Trade and other receivables 423 372 +13.71 Inventory 536 536 0 Real estate development costs 1,317
from disposals of real estate 862.7 98.3 1,986.7 80.3 1,124.0 130.3 Revenues from project management - - 408.5 16.5 408.5 100.0 Other income 15.2 1.7 78.5 3.2 63.3 416.1 Total Revenues 877.9 100.0
, 2018. The operating results were, Description 1H/2017 1H/2018 Differentiate (Unit: Million THB) Million THB % Million THB % Million THB % Revenue Revenues from sales of real estate 2,024.2 98.5 5,612.6
were, Description Quarter2/2018 Quarter2/2019 Differentiate Million THB % Million THB % Million THB % Revenues Revenues from sales of real estate 3,625.9 86.7 2,825.8 84.7 (800.1) (22.1) Revenues from
operating results were, Description First Quarter 2018 First Quarter 2019 Differentiate Million THB % Million THB % Million THB % Revenues Revenues from sales of real estate 1,986.7 80.3 3,000.4 86.9 1,013.7
results table, man-power (salaries and other employee benefits) which mainly will be in line with the increase of real estate development. 3. Administrative expenses, in the period of 2016 and 2017 amount
mentioned in operating results table, taxes and man- power (salary, welfares) which mainly will be in line with the increase of real estate development. 3. Administrative expenses, in the period of third