Dear Frederic,
The cost of salary and wages increased due to the following reasons:
- Sales increased by 155%
- Production increased by 157%
- Overtime increased by 2.36%
- Head count increased by 12
- Minimum wages increased from 273 Baht per day to 300 per day as per Government regulation
- Salary increased by 8.53% as per Interroll Thailand.
- Additional for bonus in year 2013
Please see the attached filed details compared actual year 2012 and year 2013.