basis that is consistent with the pattern of revenue recognition. Under the previous accounting policy, the Company and its subsidiaries immediately recorded commission as selling expenses when the

30, 2019, the company has received returned on doubtful accounts amount of 2.79 million Baht, which is the whole amount of trade account receivables. In this period, there's no recognition on allowance

2019 Change % Change Revenue from sales & service 411.58 719.81 -308.23 -42.8% Other income 5.01 5.57 -0.56 -10.1% Total revenue 416.59 725.38 -308.79 -42.6% Cost of goods sold & service 383.13 638.35

companies. 6 Management Discussion and Analysis of Business Operation for FY2019 Bangchak Corporation Plc. | Important Events in 2019 January o Important change in accounting policy from the International

to its turnkey business, the revenue recognition is performed based on percentage of completion method which may deviate from the payment plan according to the contractual conditions. As a result

Receivables Due to its turnkey business, the revenue recognition is performed based on percentage of completion method which may deviate from the payment plan according to the contractual conditions. As a

the same period in 2016. This was due to the termination of the programmed co-production agreement before the due date at the beginning of 2016 but no revenue recognition from other business, which was

information Disclosure and Execution due to Acquisition or Disposal of Assets”. 3.3 The reason of the acquisition Due to the overall of automotive group business has rapid change and continuing decrease the

and Execution due to Acquisition or Disposal of Assets”. 3.3 The reason of the acquisition Due to the overall of automotive group business has rapid change and continuing decrease the growth and slow

THB 13,614mn from THB 17,595mn in 2019. The increase resulted from the recognition of lease liabilities from the adoption of new TFRS16, and debt in foreign currencies that increase as a result of the