the Transition: regulators' success stories in Southeast Asia and introducing Sustainable Finance Institute Asia จัดโดย Climate Bond Initiative (CBI) ซึ่งเป็นองค์กรอิสระระหว่างประเทศด้านสิ่งแวดล้อม

Microsoft Word - MD&A Q12018- ENG.doc 1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the three-month period ended 31 March 2018 Bangkok Airways Public Company Limited and Its

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the three-month period ended 31 March 2018 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 31 March 2020 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok Airways

recognized revenue according to the success of the project to increase production efficiency. - Cost of sales increased from 182.73 million Baht in the second quarter of 2018 to 235.63 million Baht for the

revenue according to success of the production line project. - Cost of sales increased from 269.22 million Baht in the third quarter of 2018 to 354.48 million Baht for the third quarter of 2019

. Initial Sustainable Withdrawal Rate %—Where the 4% Rule Comes From For illustrative purposes only. Research Papers on Sustainable Withdrawal Rates 15 Safe Initial Withdrawal Rates at Various Target Success

Code of Governance for South Africa.  10. International Federation of Accountants, 2011. Competent and Versatile. How Professional Accountants in Business Drive Sustainable Organisational Success.  11

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 September 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok

1 ASIA’S BOUTIQUE AIRLINE Management’s Discussion and Analysis For the period ended 30 June 2019 Bangkok Airways Public Company Limited and Its Subsidiaries 2 ASIA’S BOUTIQUE AIRLINE Bangkok Airways