and building previously used for such business. In this year, ABC sold the assets and transferred revaluation surplus to gain on sale of the assets presented in the income statement. The transfer was
surplus to gain on sale of the assets presented in the income statement. The transfer was, however, not complied with the accounting standards stating that the revaluation surplus has to be transferred
participate in the supply reduction had to stop fuel pipeline transfers, leading to lower production and export of crude oil; alleviating market pressure from excess supplies. Also, active oil rig counts in the
, leaving the market with a surplus of Gasoline supplies. Gasoline and Dubai crack spread (UNL95/DB) declined by 1.15 $/BBL compared to the average 4.92 $/BBL in the previous quarter. China’s car sales during
referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business
insufficient budget. However, the Company expects that the Social Security Office will grant additional payment to the hospital in the scheme if the budget is surplus at the end of the year (At 1 January 2020
drought of Heavy grade crude supplies from Iran and Venezuela working in tandem as catalyst for Dubai’s crude price to rise. Management Discussion and Analysis of Business Operation for 3Q/2018 Bangchak
, leading to higher supplies in the region. Gasoil/Dubai crack spread (GO/DB) in Q2/2017 was averaged at 11.34 USD/BBL, increased by 0.81 USD/BBL, compared to Q2/2016, with respect to a rise in demand from
every finished product and crude oil price crack spreads, with supporting factors ranging from the maintenance of various refineries in North Asia, as well as concerns over supplies tightening after the
. 15.5% over the same period of last year. Sales growth remains driven by Power Electronics business group, especially power supplies for automotive sector (Electric Vehicle Solutions) which increased from