million (approximately THB 11 million), which has been consolidated into the Company’s group performance. Management Discussion and Analysis of Business Operation for Q3/2019 Bangchak Corporation Plc. I 6

Q2 2018, the Company had total debt to equity ratio of 9.3 times, significantly decreasing as compared to Q2 2017 of 13.3 times. The interest-bearing debt to equity ratio was 5.9 times; significantly

liabilities stood at THB 7,174.9mn • Debt to Equity ratio stood at 1.04 times as of 31 December 2019, decreased from 1.14 times as at end of 2018 Change in accounting policies and reclassification in 2019

consolidated financial statement dated December 31, 2019 is being referenced. To measure the transaction value the method used is book value of net tangible asset (NTA) and the value is 70.24% of the total asset

Company’s shareholding in EP in accordance with each calculation method prescribed under the Notifications of Acquisition and Disposition of Assets, based on the Company’s and EP’s reviewed consolidated

June 2020 of the Company and its subsidiaries as details below: (Unit: Baht millions) For the period of three months Consolidated financial statement ended 30th June Apr 2020 - June 2020 Apr 2019 - June

and reduce production costs, sales and administrative expenses in all areas for the most benefit and efficiency. For the period of three months For the period of 1st half Consolidated financial

performance of Advice IT Infinite Public Company Limited and its subsidiaries, as per the consolidated financial statements for the three-month period ended September 30, 2024, compared to the same period of

of Thailand. "registered debt securities" means debt securities registered with the Thai Bond Market Association that is licensed and registered with the SEC Office. “Thai Bond Market Association

PLC MANAGEMENT DISCUSSION & ANALYSIS 2018 MD&A FY 2018 (ended 31 December 2018) 936 595 341 1,748 854 274 620 Operating Revenue Billboard Street Furniture System Integration 2017 2018 2018 CONSOLIDATED