represented 76% of total borrowings. To manage risk that might occur from the fluctuation in currency. The Company has entered cross currency interest rate swap contracts to hedge its debt. However, the Company

portion of long-term borrowings was 45,874 million baht or represented 72% of total borrowings. To manage risk that might occur from the fluctuation in currency. The Company has entered cross currency

. To manage risk that might occur from the fluctuation in currency. The Company has entered cross currency interest rate swap contracts to hedge its debt. In addition, the Company has unused unsecured

fluctuation. As the result, sales of natural gas power plant for the first quarter of 2022 significantly increased by 58.3% when comparing to the first quarter of 2021 while gross margin of natural gas power

portion of long-term borrowings was 38,857 million baht or represented 59% of total borrowings. To manage risk that might occur from the fluctuation in currency. The Company has entered cross currency

or represented 59% of total borrowings. To manage risk that might occur from the fluctuation in currency. The Company has entered cross currency interest rate swap contracts to hedge its debt. In

% of total borrowings. To manage risk that might occur from the fluctuation in currency. The Company has entered cross currency interest rate swap contracts to hedge its debt. In addition, the Company

/decreased from 6 the previous year to manage risk that might occur from the fluctuation in interest rate. However, for the risk of currency, the Company has entered cross currency interest rate swap contracts

" 20.2 1 3 20.3 (1) (2) (3) 10 (fluctuation) . . . 15 (4) (5) 3 (credit line) 90 . . . 90 . . . 20.4 FATCA P a g e 56 | ( ) KTFFE86 86 Krung Thai Fixed Income FIF Enhanced86 Not for Retail Investors

payment of 36.17 percent in spite of decrease in EBITDA of 0.83 percent from the end of year 2017. (5) Debt Obligation The Corporate Group has policy to mitigate risk from interest fluctuation by taking