) 2017 2016 Amount % Electricity revenue - Availability Payment (AP) - Energy Payment (EP) 972 1,307 893 1,223 79 84 9% 7% Other income 8 21 (13) (62%) Total revenues 2,287 2,137 150 7% Cost of sale (1,608

Payment (AP) - Energy Payment (EP) 926 2,508 968 2,909 (42) (401) (4%) (14%) Other income 6 8 (2) (25%) Total revenues 3,440 3,885 (445) (11%) Cost of sale (2,927) (3,292) (365) (11%) Other expenses (239

of previous year of 406.89 Million Baht by subsidiaries have decline in sales of steel wires but in contrast subsidiaries distribute electricity and heat energy has increased in sale volume  Revenue

million baht 1.2 Cost and Expenses In Quarter 2-2019, the company and its subsidiaries had loss margin 66.50 percent and net loss (111.17) percent of total revenues when compare to the same period in 2018

of Baht 1,299.43 million, the decrease in revenue from energy sector by Baht 39.15 million due to raw materials and the decrease in revenue from chemicals by Baht 49.98 million. However, the Company

shopping malls and from the Company’s continuous effort to conserve energy and utilities in operations. Hence, the same- store utility cost decreased 8.2% YoY. • Higher maintenance, repair and personnel

2018 Amount % Electricity revenue - Availability Payment (AP) - Energy Payment (EP) 769 1,444 1,130 1,431 (361) 13 (32%) 1% Other income 41 26 15 58% Total revenues 2,254 2,587 (333) (13%) Cost of sale

and subsidiaries that sells electricity and heat energy has increased income from sales  Revenue from project work of 147.41 Million Baht. The company has 104.41 Million Baht decreased or 41.46 percent

, B.Grimm LNG Limited (a 100% subsidiary of B.Grimm Power) acquired LNG Shipper license from the Energy Regulatory Commission (ERC) for the amount of 650,000 tons per year from 2022. This would support our

Absolute Clean Energy Public Company Limited (“the Company”), are pleased to provide you our management discussion and analysis for the year ended 31 December 2022 of the Company and the subsidiaries (“the