increased 25% from 4Q18 whereas non- current liability decreased 19% from 4Q18. A major movement is a result of 900MHz spectrum license payable. With the extended term of payment, a portion of payment

outstanding of US dollar debts and payable while THB and VND depreciation against US dollar during this period; note that this is non-cash item and the US dollar debts were arranged for natural hedge with our

30, 2020, the Company had total liabilities of THB 3,158 million, a decrease of THB 125 million or 4% compared to December 31, 2019, mainly attributed to 1. Accounts payable and other accounts payables

Liabilities Non-current liabilities Trade accounts and notes payable 58,641,555.19 99,225,939.93 77,839,679.33 Income tax payable 0.00 362,461.43 1,912,461.58 Other current Liabilities 5,656,429.40 0.00 0.00

% y-on-y mainly from non-cash expenses: 1) THB 201 million unrealized FX loss from the outstanding of US dollar debts and payable while THB and VND depreciated against US dollar during this period and 2

Provisions Clause 3 This Notification is applicable to an offer for sale of newly issued bonds to investors in foreign countries. In this regard, the interest payable and redemption under such bonds shall be

increase of THB 653 million, due to the appreciating THB, resulting of the change in foreign exchange of trade account payable and foreign currency loans. 8. Losses from impairment asset THB 1,518 million

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the first quarter ended March 31st, 2019 Management Discussion and Analysis of Business Operation for Q1/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 20 22 24 26 Executive Statement Summary of Income Business Performance 08 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Envi...

loans increased by THB 3,813 million, mainly from the company increased by THB 3,500 million, and from the company’s subsidiaries increased by THB 260 million.  Trade Accounts Payable increased by THB

Accounts Payable increased by THB 1,686 million, primarily from oil trading business of THB 2,570 million.  Excise Tax and Oil fund expense payable decreased by THB 2,940 million according to the lower oil