Page 2 Management Discussion and Analysis 1. Power Industry and Competition 1.1 Electricity industry and Economic situation in Thailand Thailand’s economy expanded by 2.4 percent in 2019, lower than 2018
outstanding debts and the prevailing economic condition. The management believes that allowance for doubtful accounts is adequate in the current circumstances. Inventories Unit: Million Baht Consolidated
member country of the Organization for Economic Co-operation and Development (“OECD”); (c) being a regulator in the countries in the ASEAN Economic Community (“AEC”). (3) being an outbound product which is
member country of the Organization for Economic Co-operation and Development (“OECD”); (c) being a regulator in the countries in the ASEAN Economic Community (“AEC”). 6 (3) being an outbound product which
member country of the Organization for Economic Co-operation and Development (“OECD”); (c) being a regulator of any member country of the ASEAN Economic Community (“AEC”). (3) being an outbound product
Organization for Economic Co-operation and Development (“OECD”); 6 (c) being a regulator of any member country of the ASEAN Economic Community (“AEC”). (3) being an outbound product which is offered for sale by
allowance for doubtful accounts is based on past collection history, aging profile of outstanding debts and the prevailing economic condition. Management believed that allowance for doubtful accounts is
ease this pressure, and with the upward trend in prices, we will continue to expect healthy margins.” 2. Outlook Overall Thai economic activity in the first quarter of 2018 beat expectations with an
According to the Bank of Thailand and Office of the National Economic and Social Development Board data, the Thai economy in the second quarter of 2018 expanded by 4.6%, decreased from 4.8% in the previous