, the company’s financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 4 Operating
subsidiaries has revenue from sales of thermal energy and Electricity Income from project work of 647.0 Million Baht as 382.54 Million Baht decreased or 37.16 percent when compared to same period of previous
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venture company between Hemaraj and Gulf Energy Development Public Company Limited together with accepting the assignment of entire claims in a loan borrowed by Gulf WHA MT from Hemaraj. The said share
March 31, 2020, the Company’s net interest-bearing debt to equity equal to 0.38x which is under target at 1x and considerably lower than debt covenant at 1.75x. The Company also has cash and short-term
of UWC at introductory price in total of Baht 851,200,000 (Eight hundred fifty one million two hundred thousand Bath) to Absolute Clean Energy Public Company Limited (“ACE”) and/or its subsidiaries
line with our target of ~15%. ESG & Carbon Neutrality Carbon neutrality will be IVL’s key differentiator going forward, and we have laid out a strategy to include recycling, renewable energy, ethical
expenses related to disposal of non-core asset of Paradise Green Energy Company Limited (presently no longer in operation) - Other expenses amounting of 58.84 million baht, an increase of 51.70 million baht
remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 4 Operating Performance Exhibit 1 : Consolidated