, liabilities and shareholders’ equity of the Company’s group as follows: Impacted Items to the Companies Group Estimated as at 30 December 2017 Cost Basis (Before Change) Revaluation Basis (After Change

value of Co-Mass’s identifiable assets was completed. The restatement involved eliminating the “estimated amount by which costs of the acquisition of investment exceed identifiable net assets of Co-mass

31 March 2018 to reflect the fair value of Co-Mass’s assets after the measurement of fair value of Co-Mass’s identifiable assets was completed. The restatement involved eliminating the “estimated

palm oil inventory level of 200,000 - 250,000 tons. For ME domestic demand in 2Q2018, it is estimated approximately at 339,000 tons, increased by 21,000 tons or up 7% yoy, which was resulted from mandate

(336,534) Income tax expenses (395,927) Estimated expenses (49,500) Others (90,190) (1,066,939) Loss on disposal of assets (3,115,099) Currently, the Company received the payment of the disposition of the

the period of the first 6 months of the year 2018. Average Free Cash Flow for 10 years : The average free cash flow for the period of 10 years will be THB 9 Million per annum, based on the estimated

Business estimated that in September 2018, the consumption of B20 was approximately at 2,600 tons or equal to 520 tons of B100. In addition, in this period, some fuel traders had gradually used their

, Maldives and Pattaya. EBITDA Margin from Core Business for the year 2018 is estimated to remain at 15.0%. • The Investment for the year 2018 has been adjusted from THB 625 million. 2018 investment plan

at a price of Baht 9.645 per share in the amount Baht 407.50 million. The Company has determined the estimated value of assets by the WPS is worth more than book value, including the draft contract SPA

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...