188 61% 1,037 853 21% Net Operating Debt to Equity (times) 0.53 0.45 0.57 (7)% 0.53 0.57 (7)% 1Consolidated financials are based upon elimination of intra-company (or intra-business segment

August 2020, Asia Clean Energy Co. Ltd., a subsidiary, acquired common shares of 3 biomass power plants in the proportion of 100 percent with the consideration paid of Baht 464.6 million. From comparison

expense for the annual staff seminar which was postponed from late 2016 for THB 1.69 million or 0.51% of total six-month revenue and recorded loss from closing Maygori at the Common Thonglor branch

seminar which was postponed from late 2016 for THB 1.69 million or 0.32% of total revenue and recorded loss from closing Maygori at the Common Thonglor branch amounting THB 0.96 million or 0.18% of total

• Debt to Equity ratio2 stood at 0.80 times as of 30 September 2019, decreased from 0.94 times as at end of 2018 Changes in accounting policy and reclassification in 3Q19, during the 3-month and 9-month

liabilities stood at THB 7,174.9mn • Debt to Equity ratio stood at 1.04 times as of 31 December 2019, decreased from 1.14 times as at end of 2018 Change in accounting policies and reclassification in 2019

’ equity composed of paid-up capital of THB 225.00 million, legal reserve of THB 22.50 million, unappropriated retained earnings of THB 76.74 million, and deficit on business combination under common control

under common control of THB 11.93 million. The Company’s shareholders’ equity remained unchanged from the end of previous year. 8 I 9 Management Discussion & Analysis 2023 Unit December 31, 2022 December

. Currently, there are 10 projects commencing operation (COD) carried out by EP, its subsidiaries and its affiliates, in which the total generation capacity for electricity and steam, according to equity

%) 1% 2,453 2,873 17% Earning per share (Baht/share) 0.59 0.70 0.60 (14%) 2% 1.64 1.92 17% Weighted average number of common share (Million) 1,498 1,498 1,498 0% 0% 1,498 1,498 0% 5 Gross Profit • Gross