matters including inability to obtain certification from the company’s management regarding responsibility for the financial statement preparation, inability to audit operating system manual in petroleum
costs (Tobin, 1958). Page 17/40 Mackie Mason (1988) studies on tax effects on asset values and investment decision and find that non debt tax shield e.g. the amount of tax carry forward or tax exemption
from the recognition of tax shield as aforementioned. Liabilities as of 30 September 2017 decreased substantially mainly from the repayment of debt owed to financial institutions. The repayment was from
building renovation while other asset mostly increased from deferred tax which added by THB 26.6 million stemming from the recognition of tax shield as aforementioned. Additionally, the Company’s trade
of the firm's assets as shown on equation Mackie Mason (1988) study on tax effects on asset values and investment decision and find that non debt tax shield e.g. the amount of tax carry forward or tax
jointly invest with Seacrest Capital Group (“Seacrest”) in the petroleum fields Draugen Field and Gjøa Field from A/S Norske Shell (“Shell”) through the investment by means of subscribing new shares of OKEA
subsidiaries, and share of profit from associated companies 5/ EBITDA from Natural Resources business of Nido Petroleum Limited, BCP Energy International Pte. Ltd. and BCP Innovation Pte. Ltd. As for the
Petroleum Limited 6/ EBITDA from BCP Energy International Pte, Ltd., BCP Innovation Pte. Ltd., and others The operating result of the first nine months of 2017, Bangchak Corporation Public Company Limited
vs. total revenue has increased significantly. The main factors behind this unwelcome trend was a jump in fuel (petroleum coke) prices, and increased manufacturing cost of machinery equipment. However
Nido Petroleum Limited, BCP Energy International Pte. Ltd. and BCP Innovation Pte. Ltd., and share of profit from associated companies 6/ Others items and elimination For 2018 performance, Bangchak