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...

demensions with appropriate risk management and good corporate governance practices for the optimum benefit of all stakeholders and in line with the United Nations Sustainable Development Goals (SDGs). In the

. However, in Q2/2019, the company will have to recognize the interest expense and the advisory fee for the acquisition of GLOW, as well as recognizing the employee benefit expenses for the group. For 1H/2019

applicant to benefit directly to the business operation of the applicant and such work experience has continued for at least five years during the period of seven years prior to the filing date of the

not directly related to our core financial business operations. Data analyses and close assessments of relevant events have been employed in managing existing equity to ensure maximum benefit of KBank

The Company views that the Transaction will benefit the Company and its shareholders as follows: 1. to increase the Company’s potential to own the Out of Home advertising media, especially the static

and develops, and any other rights deemed benefit to the Company or an associated company’s business operation; including to lease, to permit, or to grant privilege regarding any business concerning

certificate, patent, license, trademark, software and program patent that the Company produces and develops, and any other rights deemed benefit to the Company or an associated company’s business operation

acquire concession, concession certificate, patent, license, trademark, software and program patent that the Company produces and develops, and any other rights deemed benefit to the Company or an

-employee benefit obligations was Baht 59 million. Page 26 5.4 Cash Flow Analysis As of December 31, 2019 cash and cash equivalents were Baht 20,488 million, decreasing by Baht 14,389 million comparing to