5,300.0% Other liabilities 102.6 93.9 8.7 9.3% Total liabilities 6,434.6 5,886.4 548.2 9.3% Issued and paid-up share capital 5,088.0 5,088.0 - - Share Premium 3,896.0 3,896.0 - - Retained earnings

liabilities 102.6 116.0 13.4 13.1% Total liabilities 6,434.6 7,570.6 1,136.0 17.7% Issued and paid-up share capital 5,088.0 5,088.0 - - Share Premium 3,896.0 3,896.0 - - Retained earnings - Appropriated - Legal

and paid-up share capital 5,088.0 5,088.0 - - Share Premium 3,896.0 3,896.0 - - Retained earnings - Appropriated - Legal reserve 151.9 151.9 - - - Treasury shares 268.0 268.0 - - Retained earnings

on the Company's operation. 1.4 Amounts of registered capital and paid-up capital 1.4.1 The Company has a registered capital of million baht, of which ____________ million baht is paid up, divided into

co-signed by the Company, identify such agreement and clarify its essences and impacts on the Company's operation. 1.4 Amounts of registered capital and paid-up capital 1.4.1 The Company has a

advertisement and promotional expenses, round up with expansion expenses from Non-Oil businesses. 3) Green Power Business Power Plant Business Performance Q2/2016 Q1/2017 Q2/2017 YoY QoQ 6M2016 6M2017 YoY Revenue

import demands from India during its refinery’s maintenance period to bring their production up to new 11 | Management Discussion and Analysis of Business Operation for the 3rd quarter of 2017 Bangchak

UNOFFICIAL TRANSLATION Codified up to No. 10 As of 24 October 2018 Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for reference

. Moreover, Q2/2018 was a period in which crude oil price made constant gains, whereas retail prices were hardly able to keep up with the pace at which the cost of the products were Management Discussion and

ปรับตัว Underperform มากที่สุด เดือนพฤษภาคม เป็นเดือนที่ตลาดหุ้นไทยแกว่งตัว Sideways up มาปิดที่ 1,342.85 หรือเพิ่มขึ้น 3.16% (41.2 จุด) โดยมี ปัจจัยส าคัญที่เกิดขึ้นต่อไปน้ี ราคาน้ ามันดิบทยอยปรับตัว