of fixed effects may influence the results. I therefore add industry fixed effects. 16 Third, unlike Barth et al. (1999), I cluster standard errors by firm and year in order to mitigate the effects of
the two most recent financial years (or such shorter period that the issuer has been in operation), in the same currency as the financial statements, and highlight some of the most salient information
occur from the fluctuation in currency and interest rate of long-term debentures in foreign currencies, the Company has entered into cross currency interest rate swap contracts to hedge its debt
. To manage risk that might occur from the fluctuation in currency and interest rate of long-term a debenture in foreign currencies, the Company has entered into cross currency interest rate swap
represented 71% of total borrowings. To manage risk that might occur from the fluctuation in currency and interest rate of long-term debentures in foreign currencies, the Company has entered into cross currency
bonds (US$ currency, SGX listed, 2% p.a. coupon) worth US$180mn to institutional investors. Performance Summary Consolidated Statement of Comprehensive Income Revenues 584 1,028 1,064 4% 82% 1,813 3,294
offering convertible bonds (US$ currency, SGX listed, 2% p.a. coupon) worth US$180mn to institutional investors. Management Discussion and Analysis FY2017 Consolidated Financial Results Page 2 of 6 • In
million baht or represented 71% of total borrowings. To manage risk that might occur from the fluctuation in currency and interest rate of long-term a debenture in foreign currencies, the Company has
currency from “Thai Baht” to “US Dollar” from FY2019 in order to appropriately reflect the change of the Company’s foreign currencies operation as well as in considering more distinct foreign functional
in currency and interest rate of long-term debentures in foreign currencies, the Company has entered into cross currency interest rate swap contracts to hedge its debt. Shareholders’ Equity As of