- - Reversal of bad and doubtful debts expense 147 7 2148% Reversal of provision for loss on purchase orders - - for undelivered raw material - 26 (100%) Reversal of provision differences from debt restructuring

% Exchange differences on translating financial statements 0 0 - Net increase (decrease) in cash and cash equivalents 22 8 +164% Cash and cash equivalents at beginning of periods 100 92 +9% Cash and cash

. The main reasons were currency translation differences decrease equity in the amount of THB 1,246.56 million, change in fair value of the investment in EDL-Generation Public Company decreased equity in

gain or loss on forward contracts from the differences in fair value of the derivatives. Other income Q1-2020 Q2-2020 Q3-2020 Q4-2020 2019 2020 THB Mn THB Mn THB Mn THB Mn THB Mn % THB Mn THB Mn THB Mn

). Source: EDHEC-Risk Institution research Insights, Principles of equity factor investing, Investment& Pension Europe, 2014 Maximum calendar-year performance differences of fundamental strategies with

same ground. There is also potentially confusing differences and overlap between the SEA and PLCA. In spite of wide spread training and awareness raising, market participants may not always fully

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For the quarter ended September 30th, 2019 Management Discussion and Analysis of Business Operation for Q3/2019 Bangchak Corporation Plc. I 2 03 Table of Contents 06 08 21 24 26 28 Executive Statement Summary of Income Business Performance 8 - Refinery & Trading 13 - Marketing 15 - Power Plant 17 - Bio-based Products 19 - Natural Resources Financial Position Statement of Cash Flows Statement Financial Ratios Environ...

stage of completion used as a basis to recognize contract revenues and the associated costs. Underlying causes for the differences in the percentage of completion used for accounting and construction

governance framework and develop more detailed mandatory or voluntary provisions that can take into account country-specific economic, legal, and cultural differences. The Principles focus on publicly traded

from the expectations of future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could contribute to such differences include, but are not