mainly due to: • Current Liability decreased by THB 29 million as a result of the decrease of trade and other payables from Goods Payments and accrued bonuses settlement. • Non-current Liabilities

material information as follows: (1) provision that the liability of the unitholders is limited to an amount not exceeding the amount of the investment units that have not been paid to the management company

liability of 6.29 percent and the quick ratio of 0.80 times, which increased from the end of year 2018, due to a decrease in inventory of 0.97 percent and decrease in current liability of 6.29 percent and the

Green Ad Co., Ltd. (“Green Ad”), the subsidiary whose 100 percent shares held by the Company, to acquire the ordinary shares in Gold Star Group Company Limited (“GSG”), a private limited liability company

Group’s current ratio as at September 30, 2019 was 1.51 times, an increase from the end of year 2018, due to an increase in current assets of 6.53 percent but there was an increase in current liability of

Document of right Certificate of machinery registration no. 420331 Legal rights Absolute ownership Liability Kudun and Partners PS Limited as the mortgagee on the behalf of debenture creditor, and attorney

current liability of 50.72 percent and the quick ratio of 0.49 times, which decreased from the end of year 2019, due to a decrease in inventory of 9.65 percent and increase in current liability of 50.72

Liability Kudun and Partners PS Limited as the mortgagee on the behalf of debenture creditor, and attorney of other debenture creditor 501 persons The use prior to the disposal Manufacture and trade for steel

1.0 0.9 Trade receivable 16,579 4.7% 15,219 4.3% Net debt to EBITDA (times) 0.9 0.9 0.8 Inventories 2,372 0.7% 2,104 0.6% Net debt & lease liability & Spectrum license payable to EBITDA 2.1 2.3 2.2

Management Discussion & Analysis of Business Operation Bangchak Corporation Public Company Limited For the year ended December 31st, 2018 Management Discussion and Analysis of Business Operation for FY2018 Bangchak Corporation Plc. I 2 Table of Content Management Discussion & Analysis of Business Operation 03 Executive Summary 05 Important Events 08 Statement of Income 10 Business Performance 10 Refinery & Trading Business Group 15 Marketing Business Group 17 Power Plant Business Group 19 Bio-Ba...