Microsoft Word - I-!9%*#8˙I-*ˇ@( Blue Sky 20200929 EN_MDA Year End - Translation - 1 ACC-O-2010003 October 1, 2020 To: President The Stock Exchange of Thailand Subject: Management Discussion and
Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for ref (Translation) Readers should be aware that only the original Thai text
Readers should be aware that only the original Thai text has legal force and that this English translation is strictly for ref (UNOFFICIAL TRANSLATION) Readers should be aware that only the original
mainly came from unrealized exchange rate of receivable under finance lease of Natural Gas Power Plant. At the end of the first quarter, Thai Baht is depreciated compared to exchange rate as of end of 2019
exchange rate was caused by depreciation of Thai Baht at the end of 3rd quarter 2022 vs. year-end 2021. Gain on exchange rate was non-cash and mainly associated with the USD loan related to the SGAH
million in 2023, compared to a gain on exchange rate of Baht 63.1 million in 2022. Loss on exchange rate was caused by appreciation of Thai Baht at the end of 2023 vs. year-end 2022. Loss on exchange rate
on foreign currency exchange rate was at Baht 221.61 million, compared to a loss of Baht 13.29 million in 2020. Gain on exchange rate was caused by weaker Thai Baht at year-end 2021 vs. 2020. Gain on
expenses 1,199.2 1,430.2 1,664.5 (231.0) (16.2) (465.3) (28.0) Profit for the period 166.2 151.7 121.3 14.5 9.6 44.9 37.0 Overall in the Q1-2022, the Thai economy improved compared to the end of 2021
quarter, Thai Baht is appreciated compared to exchange rate as of end of the first quarter, the Group has loss on exchange rate. But Thai Baht as of the end of third quarter compared to end of second