expense 985 1,106 (10.9) 1,301 (24.3) Interest on deposits 654 737 (11.3) 799 (18.2) Interest on interbank and money market items 26 22 15.5 57 (55.1) Interest on debt issued and borrowings 134 177 (24.3

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the 4th quarter and year ended December 31th, 2019 2 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | 03 Table of Contents 06 09 29 25 27 31 Executive Important Events Summary Business Performance 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources Statement of Cash Flows Statement Financial Ratios Environment Manag...

from the depreciation of equipment during the period. Total liabilities were represented at THB 108.5 million, decreased by THB 28.9 million or 21.1% when compared to the end of the prior year. It

89.90 103.20 114.79 Current investment 201.40 469.99 (268.59) (57.15) Inventories 367.01 362.30 4.71 1.30 Property, plant and equipment 755.63 616.83 138.80 22.50 Other assets 47.92 51.96 (4.04) (7.78

paid for purchases of property, plant and equipment and (ix) an increase in restricted deposits. 4.3 Cash from Financing Activities Net cash received from financing activities was Baht 5,246.3 million

Change MB % Cash and cash equivalents 99.13 89.90 9.23 10.27 Current investment 302.06 469.99 (167.93) (35.73) Inventories 375.91 362.30 13.61 3.76 Property, plant and equipment 759.04 616.83 142.21 23.05

leasehold rights, (vii) cash paid for purchases of investment properties, (viii) cash paid for purchases of property, plant and equipment. 4.3 Cash from Financing Activities Net cash received from financing

equivalents was decreased by 13 million. 2. Temporary investment was increased by 29 million from trading securities. 3. Trade and other current receivables were decreased by 19 million due to improved debt

Group had total assets of THB 1,588.9 Mn and THB 1,564.0 Mn respectively, a decrease of THB 24.9 Mn or 1.6%. The assets decreased mainly from a decrease in property, plant and equipment assets related to

receivables and other receivables, inventories and property, plant and equipment. Cash spent to acquire other assets and payments of loans from financial institutions. Total Liabilities As of 31 March 2019, the