Company’s major export countries, e.g. Cambodia where flood caused transportation difficulty and China where some distributor had weak performance. In addition, Thai baht was stronger than currencies of the
Company’s debt repayment, debt in foreign currencies that decrease as a result of the THB appreciation, and debt of asset reclassified to held for sales. Currently net interest-bearing debt to equity ratio
(decrease) in cash and cash equivalents (111) Cash and cash equivalents at 1 January 2020 424 Effect of exchange rate changes on balances held in foreign currencies 1 Cash and cash equivalents at 31 March
THB 13,614mn from THB 17,595mn in 2019. The increase resulted from the recognition of lease liabilities from the adoption of new TFRS16, and debt in foreign currencies that increase as a result of the
increase resulted from the recognition of lease liabilities from the adoption of new TFRS16, and debt in foreign currencies that increase as a result of the Thai Baht depreciation, which was partially offset
and AUD currencies to manage exposure of fluctuations in foreign exchange risk on borrowings. 2.3 The effect of exchange rate of the Company and its subsidiaries Comparing Q2’2020 vs Q2’2019 In the 2 nd
foreign currencies forward contact. 4 Management Discussion and Analysis of Business Operation for Q1/2020 Bangchak Corporation Plc. | The Refinery and Oil Trading Business recorded Gross Refinery Margin of
quarter of 2019 in the amount of THB 105.46 million. The main reason was the change in fair value adjustment of cross currency swap contract between JPY and AUD currencies to manage exposure of fluctuations
THB 1,643.07 million. The main reason was the fact that AUD and USD currencies depreciated in relative to THB currency. (3) Short-term loan from financial institution increased in the amount of THB
foreign currencies, the Company has entered cross currency interest rate swap contracts to fully hedge its debt. Debentures, Solvency and Liquidity Management As of August 31, 2023, the Company has