audit quality, training sessions on how to remedy the recurring deficiencies identified in several audit firms. Such efforts to develop audit 02 quality have evidently paid off with the improvement of the

individual auditors’ engagement. The overall results of the inspection conducted on 13 audit firms in 2016 during the third cycle, which is between 2016 to 2018, indicated continuous improvement from the

and Analysis EXECUTIVE SUMMARY SIGNIFICANT EVENTS Announcement on Corporate Rating and Progress on Corporate Bond Issuance On April 5, 2018, TRIS Rating assigned the company rating of B. Grimm Power PLC

Hong Kong. This is an improvement from previous survey when Thailand was ranked the fourth. This year Thailand made progress in 4 out of 5 categories (CG Rules and Practices, Enforcement, IGAAP, and CG

future. The new preventive measures will also come with traceability, enhancing the ability to trace back the route of the product. At the current stage, the Company is working on process improvement

foundation improvement for Huay Bong 2&3 Wind Farm at June 30, 2017 are as shown in the table. Description Estimated total improvement cost (until year 2016) Estimate and cost for accounting recorded in 2017

from our first hydro power projects – XXHP – achieved COD in August 1, 2017 with an installed capacity of 20 megawatts. ABBREVIATION & OUR PROJECTS FINANCIAL PERFORMANCE FINANCIAL POSITION PROGRESS OF

respectively. The THB 48.3 million increase from work in progress at the end of year and were waiting for issuance of invoices Other current assets Leasehold improvement and equipment Liabilities Bank overdrafts

in Amata City Industrial Estate with 133 MW installed capacity, has 97.7% construction progress and target to commence COD on October 1, 2018 and expect to record revenue in Q4’2018. Solar WVO

firms demonstrated an improvement vis-à-vis the results from the previous inspection cycle. Such improvement was undoubtedly enabled by the formulation of audit firms’ root cause analysis process and