rent such asset for further business operation. The subsidiary has considered the rental conditions, the rental price including the ability to control various costs and expenses, and found that it was

system and equipment, inverter, control and data collection system, electrification system. Details of each SPP project are appeared in “summary of material information for the business operation of 7 SPP

to higher unit production costs following the low demand volumes and more intensive competition among lower market demand. In terms of expenses in the current quarter, the company continues to control

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the quarter ended September 30th, 2019 Management Discussion and Analysis of Business Operation for Q3/2019 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 19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environ...

Deficit from business combination under common control (22.9) (22.9) - - Total equity 11,386.6 10,793.0 593.6 5.5 Statement of Financial Position Change Analysis of Financial Position 10 Assets Total assets

by such forward-looking statements. Please note that the company and executives/staff do not control and cannot guarantee the relevance, timeliness, or accuracy of these statements. 9 2Q20 MD&A

consolidated operating and administrative expenses were 1,951 million baht, decreasing by 105 million baht or 5% y-y and 1% q-q. However, the 5 Company still maintained effective operating cost control with cost

decreased revenue in Q2/2021 and Q3/2021 as a result of the temporary closure of some dessert café according to the government measures in order to control the spread of COVID-19, as well as the enforcement

control. Bad debt provision was 2.7% of (postpaid & FBB) revenue, similar to previous quarter, and increased from the low- base 2.4% in 2Q21 amid lockdown. Other income was Bt 247mn in 2Q22, decreasing -55

and delivery term (Made to Order). This helps the Company to efficiently control inventories aging and procurement that prevent risk from CPO’s prices fluctuation. ทีตงั 55/2 หมู ่8 ถ. เศรษฐกิจ 1 ต.คลอ