ETE ๅà¸ıฎำส๋à¸⁄ง๛à¸à¸¡à¸¹à¸¥à¸Šà¸²à¸⁄ฆาร๕à¸⁄ิฎรวม Q2.pdf 1 / 5 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS • Explanation and

Business Operations 2 2. Risk Management and Risk Factors 4 2.1 Credit Risk Management 4 2.2 Market Risk Management 4 2.3 Liquidity Risk Management 5 3. Business Directions and Operations of Core Businesses

higher earnings from operations. 1.9 Profit Sharing for non-controlling interest of a subsidiary company On Oct 1’ 2010, the company sold partial investment in a subsidiary company to Japanese alliance

Management, a spare gear of similar specification was identified and procured from a foreign Company, which resulted in saving of 12 months of impaired operations. Similarly, actions were also underway for

Management 11  Market Risk Management 14  Liquidity Risk Management 16  Operational Risk Management 17  Cyber Risk Management 17  Strategic Risk Management 19 3. Business Directions and Operations of Core

expand 4 percent for the whole of 2017. The report showed that Thailand’s export was improved mainly from a global trade recovery in which agricultural and electronic products were major contributions. In

market, where the oil business is in on a downward trajectory following slowing global economy due to the trade war between the US and China. The Dubai crude price in 2019 averaged at 63.51 $/BBL, a

rate at the end of the period. 7. Losses from foreign exchange in the amount of THB 39 million, due to the Thai Baht depreciating which led to losses on loans and foreign currency trade payables, however

Environment 1 1.1 Global and Thai Economy in 2019 and Outlook for 2020 1 1.2 Banking Industry, Competition and Emerging Risks 2 1.3 Significant Regulations and Rules related to Business Operations 5 2. Risk

reviewing the adequacy of the internal control at least once a year. Extra revision may be necessary in case of any incidents which have significant impacts on the companies’ operations. Such assessment