expenses were THB 102 million, an increase of THB 26 million or 34.2%. The amount included interest expenses of ACM amounted to THB 37 million recognized after ACM’s commencement commercial operation

flow from operations in terms of rental fees in shopping centers that have not yet closed in accordance with government policies. And have some cash flow from condominiums And the commencement of

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 Resources CONTENTS Executive Summary 03 Statement of Income 07 Business Performance 09 Statement of Financial Position 21 Statement of Cash Flows 23 Financial Ratios 24 Environment Management Accounting 26 3 Management Discussion and Analysis of Business Operation for Q2/2020 Bangchak Corporation Plc. | Ex...

income has not arisen and, according to the action plan, the commencement of the income recognition in this part will start within quarter 1/2017. After Blue Finix’s success in August 2017, the official

arisen and, according to the action plan, the commencement of the income recognition in this part will start within quarter 1/2017. After Blue Finix’s success in August 2017, the official press conference

). 1.8 Commercial Operation Commencement under the Power Purchase Agreement of Mount Emerald Wind Farm in Australia On December 12, 2018, Mount Emerald Wind Farm Project, located in the north of Queensland

33 million Baht. This was resulted from the commencement of Klongluang on July 20, 2017. Page 11 Masin-AES: Unit : Million Baht Quarter 3 Change Increase (Decrease) 2017 2016 Amount % Electricity

BGPSK, ABP5 and BPWHA1 after their commencement of commercial operation in 2016, partly offset by a decrease from interest expense caused by repayment of corporate loan of B.Grimm Power in the amount of

and Exchange Commission may revoke its license. Clause 13/13 To comply with conditions regarding operation commencement of derivatives business under Clause 13(1) for the licensee of derivatives

Securities and Exchange Commission may revoke its license. Clause 13/13 To comply with conditions regarding operation commencement of derivatives business under Clause 13(1) for the licensee of derivatives