determined that commission paid to obtain a customer contract should be recorded as an asset and amortized to expenses on a basis that is consistent with the pattern of revenue recognition. Under the previous

basis that is consistent with the pattern of revenue recognition. Under the previous accounting policy, the Company and its subsidiaries immediately recorded commission as selling expenses when the

30, 2019, the company has received returned on doubtful accounts amount of 2.79 million Baht, which is the whole amount of trade account receivables. In this period, there's no recognition on allowance

2019 Change % Change Revenue from sales & service 411.58 719.81 -308.23 -42.8% Other income 5.01 5.57 -0.56 -10.1% Total revenue 416.59 725.38 -308.79 -42.6% Cost of goods sold & service 383.13 638.35

Exchange Forward Contract in the amount of THB 255 million from the continuous appreciation of THB. Thus, EBITDA recorded was THB 781 million (+28% YoY, -1% QoQ). Refinery Business Marketing Business sales

for the three-month period of year 2018 and 2017 Unit: Million Baht Q1’2018 Q1’2017 Increase (Decrease) % Change Sales income 14,874.75 14,270.69 604.06 4.23% Rental and service income 499.08 481.06

details of the change are as follow : 1.1 Current asset as at March 31, 2018 of Baht 323.41 million increase by Baht 153.06 million or 89.85%, due to cash and cash equivalents increase Baht 7.66 million

debt to equity ratio was 0.42 time and the consolidated net debt to equity ratio was considerably low at 0.27 time. Financial Highlights 1Q 2018 1Q 2017 Change THB million % Sales THB million % Sales THB

ended 31 March 2018 and 2017 are as follows; Unit: THB million Q1-2018 Q1-2017 % Change 1. Revenue from sales and contract work 1.2 1.2 2.1% 1.1 Turnkey Total Solutions 1.2 1.2 2.1% 2. Revenue from

the year ended 31 December 2018 and 2017 are as follows; Unit: THB million Y2018 Y2017 % Change 1. Revenue from sales and contract work 14.9 21.4 -30.5% 1.1 Turnkey Total Solutions 14.9 21.4 -30.5% 2