standards was recognized as an adjustment to the retained earnings as at 1 January 2020, and the comparative information was not restated. The impact of the adoption on the consolidated statement of financial
6,89910,106 30-Sep-1831-Dec-17 Cash and Equivalents Inventory Other Current Assets Other Non Current Assets PP&E 113,869 115,324 113,869 115,324 (Restated) (Restated) Management Discussion and Analysis of
charges U City reported total consolidated revenue of THB 6,976mn in 2018. This represented an increase of 56.6% YoY or THB 2,522mn from THB 4,454mn in 2017. Please note, that the Company has restated its
appropriately represent the ratio based on restated historical numbers. ROCE calculation is based on THB currency which may not match with other graphs where the calculation is on $ basis. Full Year Quarterly THB
of TFRS 9 and TFRS 16. The financial statements for the year 2019 have not been restated which is permissible under the guidelines for the implementation of the aforementioned financial reporting
ratio based on restated historical numbers. ROCE calculation is based on THB currency which may not match with other graphs where the calculation is on $ basis. THB million 2Q20 1Q20 2Q19 2Q20 QoQ 2Q20
prior to the implementation of TFRS 9 and TFRS 16. The financial statements for the year 2019 have not been restated which is permissible under the guidelines for the implementation of the aforementioned
Perpetual Debentures 5 M&A earnings are annualized for ROCE calculation to appropriately represent the ratio based on restated historical numbers. ROCE calculation is based on THB currency which may not match
31% 52% -17 -17 -3.0% EBITDA* 22,892 23,610 23,945 4.6% 1.4% 89,711 93,371 4.1% EBITDA margin (%) 47.0% 51.2% 46.7% -35bps -459bps 48.4% 49.4% 107bps *EBITDA (restated) 4Q23 & FY23 MD&A Advanced Info
represent the ratio based on restated historical numbers. ROCE calculation is based on THB currency which may not match with other graphs where the calculation is on $ basis. Table 11: IVL Consolidated