previous year mainly due to in 2017, one of subsidiary which operates ethanol business has amalgamated with Bio-fuel business of subsidiary of Bangchak Corporation PCL. This amalgamation in accounting aspect

% in 2019 mainly due to the efficiency improvement of production cost management. 2. Interest income for the second quarter of 2020 had amount of Baht 3.78 million, compared to same period of the

pursue its business strategy, the Company operates commercial solar farms in Thailand and Japan with total production capacity of 50 megawatts. The Company would like to announce the operating results for

affected to the slowdown of Thailand economic activities at almost of every sector both for consume and investment of the private sector as well as the high shrinkage of the production from industrial sector

a means of imparting financial and investment knowledge to the public apart from the businesses’ normal operations. Such activities were conducted in various formats, including production and

Deferred Revenue Item Deferred Revenue Item = Deferred revenue from assets monetization to WHABT in 2015 which recognized in the first quarter of 2019 as a result of accounting standard adjustment (TFRS 15

Bangchak Corporation Plc. Table of Contents 5 10 0 10 Refinery Business 14 Marketing Business 16 Green Power Business 18 Bio-Based Products Business 21 Exploration & Production Business 26 31 30 Statement

Street English”. The revenue from English language school is recognized according to the international accounting standard which recognizes revenue gradually according to contracts period entered into

Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Management Accounting Statement of income 11 Financial Position 32 Management’s Perspective towards 2020

million or 30.49%, which main result from the company increased its flexible packaging production line, in Q3/2017 the revenue from flexible packaging was increase recognized and the sale on plastic sack