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...

allowance for debts from the rehabilitation plan of the Company, amounting 3 million Baht; - deferred tax of the Company and its subsidiaries of 66 million Baht resulted in the record of the net profit for

a different view from the decision of the Court of First Instance in the matter of facts and the matter of law; therefore, the Company will exercise the right to appeal such decision; - deferred tax

the Company, amounting 3 million Baht; 2.3 Deferred tax of the Company and its subsidiaries of 48 million Baht resulted in the record of the net profit for the second quarter of the year 2017 of the

An allowance for debts from the rehabilitation plan of the Company, amounting 3 million Baht; 2.3 Deferred tax of the Company and its subsidiaries of 40 million Baht resulted in the record of the net

Baht; - deferred tax of the Company and its subsidiaries of 313 million Baht resulted in the record of the net profit for the year 2017 of the Company and its subsidiaries of 2,693 million Baht. 3

contract. 4. The Tax Income (Expense) for the year ended 2018 and 2017 were Baht 20.83 million and Baht (1.18) million respectively. The increase of 22.01 million was mainly a result from the deferred tax

rehabilitation plan of the Company, amounting 5 million Baht; - deferred tax of the Company and its subsidiaries of 56 million Baht; resulted in the record of the net profit for the first quarter of the year 2019

deferred income from design engineering works. 2. Cost of contract work In the first quarter of 2019, the Company and its subsidiaries had cost of contract work amount of 120.28 million Baht, the ratio of

allowance for debts from the rehabilitation plan of the Company of 5 million Baht; - deferred tax of the Company and its subsidiaries of 19 million Baht, resulted in the record of the net profit for the