Accounting GIM 2.2 Accounting Gross Integrated Margin (Accounting GIM) The Accounting Gross Integrated Margin (Accounting GIM) in 2022 was Baht 17,413 million or USD 7.75 per barrel being down by Baht 23,279 million or USD 10.29 per barrel from that last year as the Market GIM dropped by Baht 5,827 million or USD 2.55 per barrel. In addition, the Company obtained the net inventory loss of Baht 6,348 million or USD 2.82 per barrel compared to the net inventory gain Market GIM Stock Gain/(Loss)+NRV Realized Oil Hedging (USD/bbl) (MB) 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 (5,000) (10,000) 45 40 35 30 25 20 15 10 5 0 (5) (10) 2022 2021 2022 2021 17,413 40,692 7.75 18.04 23,761 (1,954) 29,588 10.57 13.12 0.91 2,037 (8,385) 13,058 (3.73) 5.79 (0.87) of Baht 11,104 million or USD 4.92 per barrel in 2021. The net inventory loss in 2022 comprised of a stock gain amounting to Baht 4,384 million or USD 1.95 per barrel, a Net Realizable Value (NRV) of Baht 2,347 million or USD 1.04 per barrel and a realized oil hedging loss of Baht 8,385 million or USD 3.73 per barrel. 185 Management Discussion and Analysis (MD&A) IRPC PUBLIC COMPANY LIMITED
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