/2018. However, it slightly decreased by Baht 1 million or 3% from Q1/2017, which resulted from the lower demand of chilled water consumption. 16 ผลประกอบ การบริษัท Combine Heat and Power Producing

during Q1/2017 and there was the shutdown for commissioning in Q3/2017. 17 Management Discussion & Analysis (MD&A) Q3/2017 Management Discussion & Analysis Combine Heat and Power Producing Company Limited

started commercial operation on 30 December 2016. 18 ผลประกอบ การบริษัท Combine Heat and Power Producing Company Limited (CHPP) : VSPP Combine Heat and Power Producing Company Q4/16 Q3/17 Q4/17 Change

the agreement with PTTPL to be EPC for solar rooftop and BESS project On 13th July 2018, Combine Heat and Power Producing Company Limited (CHPP), in which GPSC has hold 100% stake, has signed the

which have not yet recovered. The high liability affected the expense atmosphere to be sluggish. Cost of goods sold was 641.29 million baht or equivalent to 50.31% gaining from sales revenue which it

calculation. 2. Total liability, the company had total liability as of March 31, 2019 at 110.47 million bath increase from December 31, 2018 at 8.74 million bath or 8.59% increase, the details of the change are

problem of purchasing power and incomes which have not yet recovered. Furthermore the liability stayed in high level and this was slightly speeded up the consumption. Therefore, it affected the expense

result from the company has additional long-term employee benefit liability of baht 12.5 million in accordance to the labour protection Act BE 2562 that stipulates additional legal severance pay rates for

yet recovering. The high liability affected the expense atmosphere to be sluggish. Cost of goods sold was 167.05 million Baht, it has reduced by 3.57 million Baht or equivalent to 2.09%, compared to the

could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction. 4. New policy on allowance for obsolete inventories Inventory from 1 year and above and