of investment in subsidiary (AIL) of 5.62 million Baht and recorded the allowance for diminishing value of inventories (Biodiesel) (NRV) as of March 31st, 2020 for 3.35 million Baht. However, the
diminishing value of inventories from the previous year by 44.00 million Baht and there was no considering of the allowance for diminishing value of inventories (NRV) as of December 31, 2020. Summary according
quarter of 2020 was 945.60 million Baht with the ratio of 91.79%, which increased by 1.15%. There is no allowance for diminishing value of inventories (NRV) as of September 30, 2021. But, in the 3rd quarter
diminishing value of inventories (NRV) as of March 31st, 2021, but has realized the allowance for diminishing value of inventories (NRV) 3.35 million Baht as of March 31st, 2020 where the reasons are summarized
and higher conversion costs from lower OEM sales. We started to see full benefits from lower cullet price trend in September after depleting the high price cullet inventory. The Company’s total SG&A
capacity, attributed to diminishing profitability of methyl ester driven by high competition in methyl ester selling price. In addition, the company also had an impact from expenses of plant shutdown in June
Limited Management Discussion and Analysis | 10 ester plant 2. Furthermore, the company also had an impact from a considerable diminishing of glycerine price due to ample supply, attributed to glycerine
excess. In addition, the COVID-19 outbreak resulted in various refineries successively lowering production to coincide with dwindling demand. Dated Brent and Dubai spread (DTD/DB) average in Q1/2020
external factors, such as the overall domestic economic condition causing diminishing confidence and lower purchasing power, international trade war, and the appreciation of Thai Baht. The Company focused