Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...

subsidiary Aphakorn Industries Company Limited change status from an associate to a subsidiary which receive repayment from PA Capital Company Limited is making a profit from fair value adjustment of 6.14

) in the 2nd quarter of 2017. Within the period of measuring of the said value, the Company has received the data relating to the fair value of assets and liabilities as a result, the value of the fixed

) Pte. Ltd Company WICE Logistics (Singapore) Pte. Ltd Established date 5 January 2002 Head office 119 Airport Cargo Road, #02-03/04 Changi Cargo Agents Megaplex 1, Singapore Capital The company has a

provisions for litigation in the amount of 12 million baht and 2 subsidiaries have a provision for the litigation of 1.13 million baht. 4. Loss arising from change in fair value of biological assets increase

of the Company For the Year ended December 31, 2018 2017 (Restated) Changes % Revenues : Revenues from sales and services 987.27 930.88 56.39 6.06 Gain on purchase price lower than fair value 130.98

than fair value 130.98 - 130.98 100.00 Other income 66.41 31.75 34.66 109.16 Total revenues 1,184.66 962.63 222.03 23.07 Expenses : Cost of sales and services 571.10 510.14 60.96 11.95 Administrative and

million Baht.  Gain on reclassification of other comprehensive income of associate 0.36 million Baht.  Gain on fair value measurement from changes in status of investment 173.60 million Baht.  Cost of

Manesar amounting to Baht 6.34 million. (c) Recognition of gain on fair value adjustment of investment property during the 3- months period ended 31 October 2018 amounting to Baht 5.56 million. 2.2 PBT for

expenses Loss from fair value measurement of derivatives 17,773 7,197 15,725 - 13.02 - Net profit (loss) (3,672) (261) (1,306.90)  Revenue from sales and services decreased by 27.24%, this is due to the