2,061 million as at 31 December 2016, mainly due to higher trade payables under the group of packaging materials whose payment period is quite long, while there was also an increase in loans from

both year-on-year and quarter-on-quarter basis as a result of lower costs of key raw material and packaging items, as well as improving efficiency from modern production technology ranging from glass

materials. 6 Integrated Oxides and Derivatives It has been a challenging quarter and also the year for this segment. EO, which represents around 40% of our production volume has performed well. EO margins

% Cost of services - Tolling - - Selling expenses 238,841,441 365,224,430 -53% Administrative expenses 940,093,555 843,319,164 10% Provision for loss on purchase orders for undelivered raw material

74.85 million or 9.08 percent, due to the decrease in product sales volume of 4.58 percent and decrease in raw material cost, salary and benefits of the employees, repairs and maintenance expense and gas

imports of capital goods and raw materials. This was in line with the improving business sentiment and export recovery. The value of Thai exports for the first two months of 2021 fell by 1.2% yoy. Excluding

Q2-2020 Q3-2020 Q4-2020 2019 2020 THB Mn THB Mn THB Mn THB Mn THB Mn % THB Mn THB Mn THB Mn % Fuel materials cost 516.9 530.9 515.9 493.9 (22.0) (4.3%) 2,192.6 2,057.6 (135.0) (6.2%) Depreciation and

completed and ready for production by December 2020. The project is one of the S-Curve strategies of the company that focuses on the development of electric power innovation to support the technological

innovation to create new business revenues or new S-Curve corresponding to the fast-moving environment of energy and electricity generation sectors and become an energy solution service provider of PTT Group

administrative expenses constituted expenses on personnel, marketing & promotion, office supplies, professional fees, and depreciation and amortization of office equipment and hotel properties. In 2017, CPN