subsidiary’s net assets for the amount of THB 343.72 million. This discrepancy was deducted in shareholders' equity as changes of the proportion of subsidiary. 31 Mar. 31 Mar. 31 Dec. Mar 19 - Mar 19 - Unit

Time Zone %* ".B A3 M * ".& #% A(#H)e B */*# N# A( &3'$ # &3$"% Price Discrepancy # TCR %* ". B 14 0[88"1 !# T4>T4B TCR ./ 6 @A. "B01S1" ,3/ TCR &# #%'&#H /*#( ( B &'% &*-* ".#H / &#* B TCR 3

discrepancy in corporate income tax calculation for tax privileges granted by the Board of Investment (BOI) in which the practice of the Revenue Department shall be followed as announced by the Ministry of

2017 Bangchak Corporation Plc. Table of Contents 7 9 09 8 Refinery Business 13 Marketing Business 14 Green Power Business 16 Bio-Based Products Business 18 Exploration & Production Business 22 26 24

2017 Bangchak Corporation Plc. Table of Contents 6 8 08 8 Refinery Business 12 Marketing Business 13 Green Power Business 15 Bio-Based Products Business 18 Exploration & Production Business 21 25 23

, its performance was also advanced as a result of business amalgamation and from the higher sales volume. Natural Resources Group Exploration and Production business recorded a higher selling price

gone through its planned annual turnaround maintenance, led to a softened performance when compared to the same period of last year. Natural Resources business Exploration and Production business

higher level of cassava price. Natural Resources business Group Exploration and Production business recorded lower revenue, as sales volume was reduced to realize only Nido & Martinloc, after the company

Bangchak Corporation Plc. Table of Contents 5 10 0 10 Refinery Business 14 Marketing Business 16 Green Power Business 18 Bio-Based Products Business 21 Exploration & Production Business 26 31 30 Statement

due to the higher cost of fresh cassava and cassava chips. Natural resources business, exploration and production business recorded a decreased revenue, as there were no performance contribution from