Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 2/2020 09 - Refinery & Trading 14 - Marketing 16 - Power Plant 18 - Bio-based Products 20 - Natural
providing seamless financial services whether in commercial banking or capital market business. All companies will use a new logo designed based on a combination of the existing logos of Kiatnakin Bank and
Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 21 24 26 28 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products
properties, which represents most of GLAND’s operating cost, is higher under the Company’s book compared to GLAND’s book, which are based on its original cost. Non-recurring items The Company has non-recurring
both current and capital expenditures partly due to the pending of FY2020 budget. Exports for the year 2019 contracted at 2.7 compared to last year, in line with the continuing decline in global demand
lower current account 2) Central bank monetary policy - gradual tightening of monetary policy could help ease pressure on Thai Baht. However, over- tightening could lead to rise in Thai money market rates
recognized through other comprehensive income (“FVOCI”) and reserve within equity. c) Measurement of other non- current financial assets, the change in fair value measurement of other investment is recognized
rata to their shareholdings (Rights Offering) and the allocation of the newly issued ordinary shares to accommodate the adjustment of rights for the warrants of the Company based on the assumption that