6661 Fax: +662 661 6664 Indorama Ventures 2018 MD&A 1 Indorama Ventures Public Company Ltd Management Discussion and Analysis For the year ended December 31, 2018 Milestone Revenues and Earnings
received the invoice of outstanding costs carried forward from the previous period. As a result, the unbilled payables have decreased. Income tax payable decreased by 13.6 MB representing decrease of 42.1
completed of work but not yet reached the invoice. As the result, the unbilled receivables increased. Inventories increased by 1,681.0 MB, representing an increase of 627.2% due to the investment on many
from last year by Baht 36.30 Million. Due to increasing of transfer right of controlling asset and billing invoice to customers for construction contracts on hand. The Group’s has duration credit term
earnings (EBITDA). Shareholders, including the majority shareholders, expressed their faith in the performance and future prospects of the Company and subscribed, in large numbers, to the warrants (IVL-W1
remaining two segments, Integrated Oxides & Derivatives and Specialty Chemicals are expected to resume their earnings from unplanned shutdowns, except IPA which we believe will recover over the next 12-18
are trade payables, mostly for equipment, service and sub- contractors costs in projects. Unbilled Payables Unbilled payables incur when the invoice from vendors is not placed when recognizing its
payables, mostly for equipment, service and sub-contractors costs in projects. Unbilled Payables Unbilled payables incur when the invoice from vendors are not placed when recognizing its revenue in the
, service and sub-contractors costs in projects. Unbilled Payables Unbilled payables incur when the invoice from vendors are not placed when recognizing its revenue in the project and the company reports