decreased by 102 million Baht mainly due to an increase in finance costs from refinancing. Meanwhile, other income was increased according to recognition of gain on settle Interest Rate SWAP of bank loan

:  From 1 January 2019, the new Thai Financial Reporting Standard in relation to revenue recognition (TFRS 15) has been applied to GHECO-One which resulted Gheco-One to levelize the AP over the contract

million mainly due to a decrease in Availability Payment (AP) according to the PPA and other income was decreased because the recognition of the revenue from disposal of scrap material in 2019. Meanwhile

and equipment decreased amount of Baht 15 million. Right-of-use assets increased amount of Baht 35 million due to TFRS16-Leases adoption in 2020. The standards set out principles for the recognition

gaining wide acceptance and recognition at home and abroad, as reflected in the numerous awards we received in this quarter. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1

overnors of Companies connected held 74.9% Limited for JAS ASSET Page 2/4 5. Transaction’s Value The Company will obtain the loan amount 100,000,000 Baht (Fifty Million Baht) without collateral or guarantee

“CFP”) of Thai Oil Public Company Limited (“Thai Oil”); to accept the transfer of ownership in the ERU Project from Thai Oil, with a total value of not exceeding USD 757 million (which is equivalent to a

of Acquisition or Disposal of Assets”) The transaction value is 2.76 percent of the Company’s total net tangible assets according to the audited consolidated financial statements ending 30 June 2019

shares at par value of 100 Baht per share. Total value of capital increased is 149,000,000 Baht. The Board of Directors of the Company has also approved to sell 765,000 shares of Takuni Land to Thanasiri

value). The size of this connected transaction compared with the value of net tangible assets of CPN and its subsidiaries under CPN’s latest audited consolidated financial statements on 31 March 2018, of