mainly to employee expenses and repair and maintenance of premises and equipment expenses, whereas marketing expenses fell. As a result, our cost- to-income ratio stood at 42.70 percent, which was still

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 2nd quarter ended June 30th, 2019 Management Discussion and Analysis of Business Operation for Q2/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 22 25 27 29 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 20 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environm...

and applications; to rent out light equipment and other equipment for production of plays and movies; to produce television programs, record tapes and film videos onsite; to produce television and radio

87,281 58,364 28,917 50% Property, plant and equipment, net 52,782 56,361 (3,579) (6%) Other non-current assets 32,666 40,350 (7,684) (19%) Total Assets 208,523 206,428 2,095 1% Liabilities Current

202 million or 0.4 percent from last year owing to a decrease in personnel expenses of Baht 2,048 million according to the abovementioned reasons. Premises and equipment expenses increased, mainly from

L&E: LIGHTING & EQUIPMENT PUBLIC COMPANY LIMITED LALIN: LALIN PROPERTY PUBLIC COMPANY LIMITED LANNA: THE LANNA RESOURCES PUBLIC COMPANY LIMITED LDC: LDC DENTAL PUBLIC COMPANY LIMITED LEE: LEE FEED

associated, net and advance payments for investment 55,167 49,325 5,842 12% Property, plant and equipment, net 56,361 61,723 (5,362) (9%) Other non-current assets 43,547 49,741 (6,194) (12%) Total Assets

from the employees’ expenses, and the premises and equipment expenses. Table: Other Operating Expenses (Unit: Million Baht) Items Quarter Variance Quarter Variance For years Variance 4/2018 3/2018 (%QoQ

: • Lower inventories as the Company has enforced stock reduction policy • Decrease in property, plant, and equipment due to depreciation • Decrease in leasehold rights due to amorization • However, the

production plan. Property, plant and equipment Property, plant and equipment as of 31 December 2017 and 2016 were THB 9,609 million and THB 6,627 million, respectively, increasing by THB 2,982 million or 45.0