21,34621,651 30-Sep-1831-Dec-17 Current Liabilities L/T Debt (included current portion of L/T debt) Non Current Liabilities Total Equity Statement of Financial Position Financial Position of the Company and its

-4.8% from both current (lower trade & other payable and current portion of long-term debt) and non-current liabilities (lower lease liability and spectrum payable offset by increased long-term

external procurement of partial portions of products to be sold instead of the company internally refining the said partial portion itself in scenarios where there is more profit to be made from doing so

liter through continuous initiatives to increase the portion of retail sales, combined with crude price that dropped during the quarter. When compared to Q1/2019, gross profit rose 19%, mostly attributed

replace its catalyst from mid-July to mid-August. The unit has currently resumed operation and operates at full capacity. Despite the higher Fuel Oil yield portion during this quarter, the refinery

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...

liabilities were increases in short term loan from financial institutions, trade and other payables and portion of long-term debt due in 1 year to fund the investment in aluminum can and bottling factories

UpdatesExecutive Summary JPY THB By maturityBy Currency Non-current port of long- term loan Current portion of long-term loan % of total interest-bearing debt After Mar’ 22 34% Apr’ 18 – Mar’ 22 51% Apr’ 17 – Mar

360 thousands of litres per day. 2. B100 product sales volume increased by 34 million litres, due to the government’s 2017 mandate to increase B100 product mixting portion in Diesel fuel as follow: B100

typhoons in Japan of THB 104 million, and a loss from foreign exchange of THB 27 million, due to the depreciated Thai Baht, resulting in the conversion of foreign currency debt (with the majority in JPY) to