(Loss) of Associates and Joint Ventures • Share of profit from associates decreased 28.9% y-on-y from Baht 256 million in 2017 to Baht 182 million in 2018, primarily due to 1) change in accounting method

decreased 44.5% y-on-y in 2019 to Baht 101 million and 51.0% y-on-y in Q4’2019 to Baht 24 million, primarily due to 1) change in accounting method for BGYSP earnings contribution from equity method to

financing fee write- off from refinancing in the amount of Baht 9 million in May 2019 and 2) change in accounting method for BGYSP earnings contribution from equity method to consolidation method after

6M’2019 to Baht 51 million, primarily due to 1) change in accounting method for BGYSP earnings contribution from equity method to consolidation method after raising stake from 49% to 100% in Q3’2018, 2

30 million in Q1’2019), primarily due to 1) change in accounting method for BGYSP earnings contribution from equity method to consolidation method after raising stake from 49% to 100% in Q3’2018 and 2

accounting period. 3.18 Accounting change and correction/ratification It shall disclose nature of accounting change, correction of errors, reason and effect of such change and correction. 4. Significant

. 3.17 Profit (Loss) per share It shall disclose rules of calculation of primary earnings (loss) per share and earnings (loss) per discount share in the accounting period. 3.18 Accounting change and

discount share in the accounting period. 3.18 Accounting change and correction/ratification It shall disclose nature of accounting change, correction of errors, reason and effect of such change and

companies. 6 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | Important Events in 2019 January o Important change in accounting policy from the International

Discussion and Analysis of Business Operation for Q1/2019 Bangchak Corporation Plc. I 5 Important Events in the Quarter  Important change in accounting policy from the International Financial Reporting