finished product and reference crude price crack spread sharply adjusting downward. However, (Restate) Management Discussion and Analysis of Business Operation for Q1/2019 Bangchak Corporation Plc. I 7 this

million. The reason was the operating result of the 1st quarter of 2019 improved cash position by Baht 1,670.15 million, adjusting by the change in operating assets and liabilities in the amount of Baht

Reporting Standard No. 15 (Revised) : Revenue from Contracts with Customers, effective 1 January 2019 has impacted on the Company and its subsidiaries’ financial statement as follows : o Brand : Adjusting

: Adjusting some advertising and promotion transactions to impact on total sales reduction and also selling expenses reduction. However, there is no impact on net profit. o CMG : TFRS 15 set a principle to

processing for tax refund which was Baht 37.28 million. 4. Restricted bank deposits decreased by Baht 27.93 million due to changed in collateral. 5. The Company was adjusting in available-for-sales to market

(loss) from exchange rate, and deduct interest income from loan to joint ventures and adjusting unrealized gain (loss) from exchange rate as well as non-recurring items. Management’s Discussion and

262.5 million baht, or 42.9%. Due to the Group adjusting its operations to match the situation with Proactive marketing strategy, Online platform, Driving entire sales and transfers, taking care of

Thai Financial Reporting Standards No. 16 re: Lease Agreement for the first time adoption (“TFRS 16”) starting from 1 January 2020, using the cumulative catch-up approach without retroactively adjusting

solving production problems follows the below details - Recruiting, adjusting and developing personnel to be ready at all levels. - Prepare manual work process for each department to control quality and

across the country by developing and adjusting its operation to any situation, and looking for new opportunities to keep Boonterm’s operation growing sustainably. Targets in 2H2020 • Wait for Covid-19