) mainly from lower gross profit from residential for sale, higher administrative expenses, financing cost increased from additional interest-bearing debt following the acquisition of GLAND in September 2018

average financing cost as of June 30, 2020 stood at 2.29% Net debt to equity ratio stood at 0.55x Capital Structure As of June 30, 2020, the Company reported total interest-bearing debt of THB 43,791 mn, an

of sale from 4Q19 onwards as well as transferred 2 standalone projects in 2Q20. Weighted average financing cost as of June 30, 2020 stood at 2.29% Net debt to equity ratio stood at 0.55x Capital

million, declined from the wind power plant business being affected by seasonal factors, while the geothermal power plant recorded a decrease in profit from one-time financial expense for debt refinancing

& Analysis (MD&A) Q1/2018 • Debt profile • The debt balance of the company and its subsidiaries as at 31 March 2018 was in Thai Baht currency and in Japanese Yen currency. • All interest-bearing debt is long

90 million, increased by Baht 15 million or 20% from Q3/2017 from the recognition as debt financing rather than asset of IRPC-CP after COD, and decreased by Baht 21 million or 19% from Q4/2016. This

business recorded net gains from foreign exchange THB 38 million. Mainly due to the Thai Baht appreciating against the Japanese Yen, resulting in the conversion of debt which was mostly in Japanese Yen, to

higher financing cost from additional interest- bearing debt following the acquisition of GLAND in September 2018 and new loan for business expansion to generate new revenue stream. CPN continues to

Offer for Sale of All Types of Debt Securities, and in cases where the sukuk issuer is a juristic person separate from the originator, the term “debt securities issuer” under such Notification shall

1,225,963 16.7 Impairment loss on loans and debt securities 763,224 2,313,121 (1,549,897) (67.0) Profit from operating before income tax expenses 6,956,258 6,490,011 466,247 7.2 Income tax expenses 1,190,205