Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between the two languages, the Thai version shall prevail

+ F1 F2 F3 Very strong capacity for payment of financial commitments - a minimal difference compared With AAA AA+ AA AA- Aa1 Aa2 Aa3 AA+ AA AA- Strong capacity for payment of financial commitments - it

investments means the difference between the book value and fair value of investment, which is determined by the Accounting Standard to be reported in the shareholders’ equity. 25. Retained earning (deficit

(deficit) in investments means the difference between the book value and fair value of investment, which is determined by the Accounting Standard to be reported in the shareholders’ equity. (Translation) -20

book value of the asset. 24. Revaluation surplus (deficit) in investments means the difference between the book value and fair value of investment, which is determined by the Accounting Standard to be

will be valued using fair value method and the difference in fair value will be reflected in Goodwill. However, the company remains committed to implement operational excellence and the optimization of

decreased by 0. 81 $/BBL, compared to the average 15. 29 $/BBL in the previous quarter, the difference was the consequence of pressure from supplies that increased after various refineries resumed operation

Company recorded a current income tax of Baht 62 2 million and deferred income taxes from temporary difference income of Baht 574 million. Deferred Tax Benefits The Company has an internal policy to record

(for 4Q19, total revenue of THB 599 mn and net profit of THB 110 mn). The difference versus GLAND’s reported statement of comprehensive income comes from the investment properties that the Company

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4 percent compared to 4.2 percent in the previous year.The slowdown could be attributed to exports which contracted further due to the stronger Baht and a global economic slowdown. In addition, the investment environment of both the public and private sector remained weak, and private consumption, albeit gro...