our higher interest rate borrowings (note that the financing costs of BIP1 and BIP2 is 5.6% p.a. for fiscal year end 2017). Acquisition of BGYSP BGRIM acquired additional of 51% shares of B.Grimm Yanhee

the tourism sector, political uncertainties and strengthening of the Thai Baht which may impact competitiveness in international trades. However, acceleration in public investment, fiscal stimulus

burden of SME and consumers and increase liquidity in the markets and to further support the fiscal measures that have already been introduced earlier. For 2020, the Thai economy is projected to contract

and increase liquidity in the markets and to further support the fiscal measures that have already been introduced earlier. 3 For 2020, the Thai economy is projected to contract significantly due to (1

had allowances for doubtful debts in the amount of Baht 3,947.5 million, increased by Baht 184.3 million or 4.9% when compared to the year 2018. TFRS9 is effective for fiscal years beginning on or after

PowerPoint Presentation Management’s Discussion and Analysis (MD&A) For the Financial Result for the Fiscal Year Ended December 31, 2019 B.GRIMM POWER PUBLIC COMPANY LIMITED Management’s Discussion

, calculated from the enterprise value of SGAH. The enterprise value is derived from the ratio of enterprise value to earnings before interest, taxes, depreciation, and amortization for the fiscal years ended 31

SGAH, calculated from the enterprise value of SGAH. The enterprise value is derived from the ratio of enterprise value to earnings before interest, taxes, depreciation, and amortization for the fiscal

factors. Significant factors could include, for example, the impact of inflation, the impact of foreign currency fluctuations, and any governmental economic, fiscal, monetary or political policies or

in the fourth quarter of 2018 (Source: Fiscal policy office). Furthermore, the estimated GDP (Gross Domestic Product) for the whole year 2018 grow at 4.2 percent, compared to 3.9 percent in 2017