the decrease in selling and administrative expenses but also the better performance of GPSC’s power plants especially IRPC Clean Power Phase 1 whose main customer returned to operate as normal from the

Management Discussion and Analysis of Business Operation for the 2nd quarter of 2017 Bangchak Corporation Plc. 1 | Bangchak Corporation Public Company Limited Management Discussion and Analysis of Business Operation For the year ended 31st December, 2017 http://www.google.co.th/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjD7_TkjpnTAhUWTo8KHY7JB7MQjRwIBw&url=http://quotesgram.com/green-backgrounds-with-quotes/&bvm=bv.152174688,d.c2I&psig=AFQjCNHfu2LjFbO_WhPIgFLat0wGu3Y2zg...

in Smart Vending Machines Transaction Date Within March 2018 Investment Cost Not exceeding Baht 100,000,000 (approx. 800 machines) Source of Fund Loan from FERRUM Benefits To secure recurring income

Transaction The Company received Baht 42 million (“forty-two million baht”) Terms of payment within 75 days from the date of signing the contract. 4. Benefits expected to be generated as the result of the

long term employee benefits. Total Shareholders’ Equity grew to Baht 855.08 million as of 31 December 2018 from Baht 810.88 million as of 31 December 2017. Return on equity (ROE) was 13.60% as of 31

holds 49.71%) mainly caused by a decrease in revenue from mark-to-market price of investments, and an increase in expense from post-employment benefits obligation. The operating results of KT ZMICO for

headcount. This will help not only strengthen our core platform but also ensure sustainable long-term growth. In addition, the Company set aside additional provisions for employee retirement benefits in the

million as at 31 December 2018, mostly due to accounting of long term employee benefits. Total Shareholders’ Equity grew to Baht 911.06 million as of 31 December 2019 from Baht 855.08 million as of 31

charge of Baht 13 million to adjust the retirement benefits in accordance with the latest changes in Labor Protection Act. A plot of land, non-performing assets had been sold in December with a net gain of

benefits at 247.9 million baht in total. If not including the said items, consolidated net loss attributable to equity holders of the Company for the year- ended 31 December 2019 will be 60.9 million baht