conversion of foreign currency accounts payable and loans. 6. Loss from impairment of assets recorded at THB 83 million, mainly from impairment assets of marketing business THB 135 million and a reversal of

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the quarter ended September 30th, 2019 Management Discussion and Analysis of Business Operation for Q3/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 21 24 26 28 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environ...

38.97 million or 3.81 percent, due to the increase in trade accounts payable and other accounts payable of Baht 46.56 million, increase in other current liabilities of Baht 4.51 million and increase in

to the increase in current income tax payable of Baht 15.15 million, increase in other current liabilities of Baht 9.11 million and increase in provision for post- employment benefits obligation of

income tax payable of Baht 3.09 million, but there were increase in trade accounts payable and other accounts payable of Baht 67.06 - 5 - million, increase in other current liabilities of Baht 1.02 million

lockdown offset by improving bad debt expense. Net FX loss was Bt181mn in 3Q20, turned negative, compared to FX gain of Bt344mn in 2Q20 as THB had depreciated against USD and increased capex payable. Finance

liabilities of Baht 1.67 million but there was an increase in trade accounts - 5 - payable and other accounts payable of Baht 71.68 million, increase in current income tax payable of Baht 52.51 million

2017 which resulted from; Current liabilities increased Baht 1,586 million derived from:  Trade accounts payable increased Baht 805 million  Accrued interest expenses increased Baht 331 million  Other

liabilities of Baht 6.52 million but there were increase in trade accounts payable and other accounts payable of Baht 118.43 million, increase in current income tax payable of Baht 33.59 million and increase in

trade accounts payable and other accounts payable of Baht 134.63 million, increase in financial lease liabilities of Baht 1.65 million and increase in current income tax payable of Baht 27.01 million. The