Limited (a 100-percent subsidiary of IEC) through a contract with ESES for the construction of a building and the installation of electricity-generating machinery at the exaggerated price of 58 million baht

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Important Events 08 Statement of Income 10 Business Performance 10 Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Ba...

the interim financial information, the Company has reviewed and changed the estimated useful lives of buildings, machinery and equipment in accordance with their conditions and the proper estimation of

buildings and the Machinery purchase agreement with Golden Arrow Coating Co., Ltd. of which Mr. Arkran Termritikulchai and Mr. Pasithphol Termritikulchai who are its Directors and are sons of Mr. Prachnon

In the interim financial information, the Company has reviewed and changed the estimated useful lives of buildings, machinery and equipment in accordance with their conditions and the proper estimation

. -Increased revenue from sales of machinery equipment and engineering services realized via deliveries in the 1st and 2nd quarter of 2017. -Decreased financial expenses due to further debt reduction and

reduce some of the rental expense. In addition, the company invested in machinery and equipment for a new branch in Jiangsu, China. While current assets decreased by Baht 47.77 million, which most of it

maintenance for machinery and equipment after 10 years of operation and depreciation of machinery. The average capacity utilization rate in 2017 is 65.42%, close to 2016, at 65.79%. This is lower than the plan

sales of assets 18.31 Million Baht was 16.58 Million Baht or 954.28% increase from the last year due to a subsidiary company stop operation therefore, sales of machinery and equipment manufacturing. 2

at 88 Rama II Road (Thonburi – Paktor) Moo 2 Kalong Sub-district, Muang Samut Sakhon District, Samut Sakhon which is the property of Rich Asia Industry Company Limited as per certificate of machinery