three years or upon occurrence of a widespread adverse incident; (2) To adjust the submission schedule for the Risk Level Assessment (RLA) report and IT audit report to be within the same period (during
adjust the assumptions for cash flows projections of those subsidiaries to calculate the recoverable amount appropriately, and to consider the adequacy and appropriateness of the impairment loss for
price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and
maintain positive view on property market in long-term, specially demand for high-quality residential property and office space. For the plan on residential property business, in 2Q19, the Company had signed
which affected employment and domestic demand*. However, the Company sees that the lower interest rate gives a positive impact to overall real estate industry due to a potential lower cost for both, real
provide an opportunity for overall real estate industry due to a potential lower cost for both, real estate developer and buyer. The Company’s focus is on developing projects to serve real demand for
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
and international economic situation, political situation, household debts as well as demand-supply imbalance. In Q2/2019, the LTV (Loan to Value) measures are enforced. Business operators thus need to
therefore it is appropriate to adjust impairment items of the said assets in this quarter to be in line with trading prices set in purchase agreement EXPENSES % per % per % per % per Revenue Revenue % Revenue
realization of Bangchak Bioethanol (Chachoengsao) Co., Ltd.’s full year operation performance. Moreover, average selling price and sales volume of Ethanol increased, due to the rise in demand for Ethanol used