percent. To : President, The Stock Exchange of Thailand NCL International Logistics Public Company Limited and its subsidiaries (the "Company") would like to clarify the description and analysis of the
-1- AIT (VP-SEC) 017E/2020 May 11, 2020 Subject: Management's Discussion and Analysis of Operating Results for Q1-2020 To: The President of The Stock Exchange of Thailand Summary of Operations Q1
compared to the past year. In addition, the tax expense of the company is forecasted to grow as the Sriracha Power Plant has fully utilized BOI benefits for tax exemption in 2017 and the many BOI benefits
Q3/2017; and the company recognized the expense from the extraordinary item of the provision from corporate income tax assessment of Sriracha Power Plant for the full amount of Baht 101 million
foreign exchange gains (losses) 30 1 (2) (300%) (107%) 38 (1) n/a Net profit 735 765 859 12% 17% 1,649 1,623 (2%) Non-controlling interestes (49) (15) (44) 193% (10%) (92) (58) n/a Net profit-Owners of the
accounting policy for derivatives and hedge accounting. The changes have been applied retrospectively. The significant principles are as follows:- Derivatives are used to manage exposure to foreign exchange
Administrative Expenses For the first nine months of 2019, the consolidated operating and administrative expense were 6,926 million baht, increasing by 8% y-y and represented 40% of total revenues. The increasing
% compared to the same period of 2018. The main reasons were cost of production, employee benefit expense and cost of event increased. However, the written-off of TV program license decreased from the same
not revised the past financial statements which incurred high depreciation expense causing the new depreciation value to be lower. The effect from changing the estimated useful lives towards the