-current assets Restricted bank deposits 46.18 2.17% 46.18 1.97% Investment in associate 11.19 0.53% 9.67 0.41% Long-term investment 4.02 0.19% 3.51 0.15% Property, plant and equipment 583.97 27.42% 544.27

0.16% 3.51 0.15% Property, plant and equipment 581.77 27.46% 544.27 23.20% Intangible assets 1.74 0.08% 0.37 0.02% Deferred tax assets 16.90 0.80% 15.56 0.66% Other non-current assets 3.40 0.16% 11.94

increase in trade accounts receivable in the amount of 306.63 million baht from the government contracted institutions. - An increase in property, plant and equipment amounted to 1,438.16 million baht were

, which sales reported growth approximately 250%. The Company also expanded Omnichannel model to Italy by launching an e-commerce website called www.rinascente.it in June. - Property and Store expansion

% Property, plant and equipment 538.16 23.77% 544.27 23.20% Intangible assets 1.91 0.08% 0.37 0.02% Deferred tax assets 18.28 0.81% 15.56 0.66% Other non-current assets 12.49 0.55% 11.94 0.51% Total non

on Foreign Exchange recorded at THB 172 million, due to the Thai Baht appreciating against the US Dollar which led to gain on exchange rate conversion of foreign currency loan. 7. In Q1/2018, there was

-7% Inventories 989 1,044 -5% Other current assets 177 180 -1% Total current assets 2,029 2,106 -4% Property, plant and equipment 2,183 2,071 +5% Goodwill 243 - - Investments in joint venture 53 53 -1

Commercial Operation Date Within Quarter 1/2019 Expected Capital Expenditure THB 40 mn Source of funding apart from Capital Increase Internal cashflow and loan from financial institution Total Project Cost THB

employment agreement with the relevant employees; 6. GNET has proceed with the intellectual property matters as follows: (1) GNET has change the registration in relation to its domain name with the domain name

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...