higher employee expenses, depreciation, delivery expenses caused by the rise in the number of delivery trips as a result of the increase in sales, and higher transportation rate adjusted since May 2018

materials, transportation and warehousing, electricity production and sectors supported by government stimulus measures, as well as large corporates investing in renewable energy projects to generate

รายเลก็มาก (VSPP) เหมอืงถ่านหนิ (Coal Mining) บรกิารขนส่งนํามนัทางท่อและบรกิารคลงันํามนั (Oil Transportation Service) บรษิทัธุรกจิเดินเครอืงและ บํารุงรกัษา (O&M) และบรษิทัธุรกจิบรกิารดา้นการบรหิารจดัการ

of plastic, approximately 105 x 110 x 115 centimeters, for use in moving goods. It has a weight of 500 kilograms to 2,000 kilograms, which provides more transportation and storage. Currently, the

transportation cost) (USD/Ton JPU) 93.78 101.25 90.89 (10%) (3%) Total cost of sales of goods and rendering of services of Independent Power Producer (IPP) increased mainly due to: • The cost of natural gas

507,119 445,782 (12%) n/a n/a 1,562,475 n/a Average Coal Cost (exclude transportation cost) (USD/Ton JPU) n/a 98.71 101.25 (3%) n/a n/a 100.04 n/a Comparing 2019 vs 201812M The revenue of Independent Power

recoded in Audited Financial Statement as of December 31, 2017 is negative value. (2) The investment in PP3 according to fair value measurement recorded in Company’s Audited Financial Statement as of

intention to decrease negative impacts and increase positive impacts along with EGCO business processes. Our target is to enhance EGCO’s environmental management and coexistence in harmony with local

major shareholder regarding the management of Hero Experience’s assets in order to limit the negative effect on the Company. The Company has inquired the management of Hero Experience Company on the

Fitch National rating: AA+ (THA), Outlook: Stable S&P BBB+, Outlook: Negative บริษทั แอดวานซ์ อินโฟร ์เซอรวิ์ส จ ากดั (มหาชน) ค าอธิบายและบทวิเคราะหข์องฝ่ายบริหารประจ าไตรมาส 1/2560 6 คาดการณ์และมมุมองของ