capital market because there are few service providers or a replacement of another service provider cannot be arranged immediately; “affiliated company” means a company having any of the following

transactions B.E. 2546 (2003) because the party entering into this transaction with the company is the company’s major shareholder. Upon calculation of transaction value by taking into account the highest values

quarter of 2018. The main reason was a decline of Baht 4,143 million or 25.3 percent in operating expenses, mainly because of the recognition of provision for post- employment benefits in the previous

partly because the overall household purchasing power was not sufficiently strong and household debt remained elevated. Private investment picked up in line with the improved economic outlook, and with

Q1’2018 (2.87 Baht/KWh in Q1’2017 and 2.85 Baht/KWh in Q4’2017) because the energy payment is indexed to the price of natural gas for which slightly increased to 237.21 Baht/mmBtu in Q1’2018 (232.68 Baht

ประเทศท่ีไม่มีตัวชี้วัด และบริหารจัดการลงทุนเพื่อให้ได้ ผลตอบแทนท่ีคาดหวังตามระยะเวลาท่ีกำหนด จึงไม่จำเป็นต้องเปรียบเทียบผลการดำเนินงานของกองทุนกับตัวชี้วัด Benchmark None. Because The Fund mostly

year because the Company produced for its own sale in this year but under tolling contract last year. Consolidated selling expenses for the year 2019 amounted to Baht 239 million which decreased by Baht

Q1’2020 decreased 3.7% y-on-y to 3.13 Baht/kWh because the energy payment is generally adjusted to reflect changes in natural gas price which decreased 5.1% during the period. Electricity sales to

1,847.5 million, decreased by 13.9% and interest expenses were Baht 619.2 million, decreased by 28.5% when compared to the first quarter of 2020. Interest income decreased because its subsidiary which

payment, divided by its total issued and outstanding shares This approach is not applicable because there will be no securities issuance as payment for the Transaction by the Company. Maximum size according