Company’s statements of financial position as of March 31st, 2020 compared to that of December 31st, 2019. The impact of the new financial reporting standards The adoption of Thai Financial Reporting
Analysis for the year 2019 Thai Energy Storage Technology Public Company Limited (the “Company” or “3K-BAT”) hereby submits Pro forma consolidated financial information for the year 2019. Because the Company
as of 30th June 2020, which grew by 1% from THB 2,600 million as of 31st December 2019. The increase in the assets was largely due to the first-time adoption of Thai Financial Reporting Standards (TFRS
of Thai Financial Reporting Standards (TFRS) No. 16 Leases that required long-term operating leases to be booked as an asset at the present value. 2. Total liabilities were THB 1,542 million as of 30th
attributed to the consolidation of TigerSoft’s result, higher rental and computer cost as we have expanded our office space, as well as, 2.78mb of exchange losses booked as a result of strengthening of Thai
of 618 million baht or 2.47 baht per share. The financial performance can be summarized as follows. Overview Overall, the Thai economy in the first quarter expanded by 3.3%, higher than 3.0% growth in
17,110,110.28 Defered interest expenses (1,738,338.69) (3,547,660.03) (154,691.88) (688,410.89) Present value of liabilities under financial leases agreement 26,498,032.01 48,403,067.71 6,050,398.99 16,421,699.39
of Thailand and Office of the National Economic and Social Development Board data (NESDB), Thai economy in 2020 expanded by 2.4%, decreased from 4.2% in previous year. This was because the global
Project" of the Securities and Exchange Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between the two
Governance Project" of the Securities and Exchange Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between