Budget hotel industry asian economic growth was

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Budget Hotel Industry Asian economic growth was expected to grow steadily at 5.4% in 2015-2016 according to International Monetary Fund (IMF). The growth should benefit from a strong labor market, disposable income growth along with the ongoing gradual recovery in the world economy. Based on the forecast of IMF, GDP of major geographic market of Red Planet Hotel was expected at 5.0% CAGR for Thailand, 10.9% CAGR for the Philippines, 5.4% CAGR for Indonesia, and 2.6% CAGR for Japan. 2013 2014 2015* 2016* 2017* 2018* USD Billion CAGR (2015-2018) Thailand 420 405- 374 393 411 432 growth -3.7% -7.7% 5.2% 4.6% 5.1% 5.0% Philippines 272 285 299 330 367 408 growth 4.7% 5.2% 10.3% 11.1% 11.2% 10.9% Indonesia 913 889 873 876 950 1,021 growth -2.6% -1.8% 0.4% 8.5% 7.4% 5.4% Japan 4,920 4,602 4,116 4,171 4,342 4,446 growth -6.4% -10.6% 1.3% 4.1% 2.4% 2.6% GDP (USD Billion) and GDP Growth Forecast * Forecasted Source: International Monetary Fund (IMF) 41 Food Capitals Public Company Limited ANNUAL REPORT 2016
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The table below showed statement of financial position and statement of comprehensive income for the year ended 31 December 2016 and for the previous two years of the Company and its subsidiaries. Financial Highlights and Operation Results of the Company and its subsidiaries. 42 Food Capitals Public Company Limited ANNUAL REPORT 2016
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43 Food Capitals Public Company Limited ANNUAL REPORT 2016
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45 Food Capitals Public Company Limited ANNUAL REPORT 2016
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47 Food Capitals Public Company Limited ANNUAL REPORT 2016
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Management Discussion and Analysis Description and Analysis of Financial Position and Operating Results There were 30 Domino’s Pizza stores, 10 The Coffee Bean & Tea Leaf stores, 5 Kyochon Chicken, and 7 stand- alone restaurants at end of 2016. The Company also signed up for exclusive franchise rights in Cambodia for Domino’s Pizza and Kyochon which are operated through the subsidiaries in Cambodia. Analysis of operating results Revenue Structure Total Revenue comprises of revenue from sales and services, management income, interest income and other income accord- ing to the presentation of Statement of Comprehensive income. Revenue from continuing operation during 2016 decreased by THB 213.88 million or -23.07%, compared to 2015 due arise to the following reasons: The mainly reason was arise from the change in classification of an investment in Red Planet Hotels Limited (RPHL) due to the cease in significant influent over RPHL effect from 30 June 2015. The Company recognised profit in 2015 of Baht 158.98 million as a resulted from such change in investment classification. Afterthat, there were no investment income recognised based on equity method and affect to the decrease in investment service income from RPHL of Baht 11.16 million in the current year. 48 Food Capitals Public Company Limited ANNUAL REPORT 2016
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Revenue breakdown by segment The Company’s two main continuing operating businesses comprise: 1) Food & Beverage retail and 2) Investment Services (including business, investment, and property development consulting services) as follows:
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  • Spring '14
  • Capitals Public Company Limited, Capitals Public Company

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