governance and risk management continuously to maintain credibility and trust of all stakeholders. Besides operating under the supervision of the SEC/SET, Bank of Thailand, related laws and regulations, the

satisfaction. In addition, the Company develops corporate governance and risk management continuously to maintain credibility and trust of all stakeholders. Besides operating under the supervision of the SEC/SET

and trust of all stakeholders. Besides operating under the supervision of the SEC/SET, Bank of Thailand, related laws and regulations, the Company also complies ISO world-class standards to control

of January 31, 2017 is due to reducing in retain earnings of which used for clearing the internal debt between CRSB and FKRMM. 2) Transaction’s size based on net operating profits Net operating profits

January 3rd, 2019 Indorama Ventures 2018 MD&A 21 Table 10: IVL Consolidated Statement of Income 1 As per internal classification and includes insurance claim for business interruption loss of profit 2 As

Advisor) to study the feasibility of the project as of July 2017 by using the Free Cash Flow to Equity Method to calculate the Net Present Value for Equity, Equity Internal Rate of Return, and Payback

condition or prospects of a rated entity, obligor, originator, underwriter, or arranger may mislead market participants. Likewise, conflicts of interest or other undue factors internal and external that might

of January 31, 2017 is due to reducing in retain earnings of which used for clearing the internal debt between CRSB and FKRMM. 2) Transaction’s size based on net operating profits Net operating profits

of January 31, 2017 is due to reducing in retain earnings of which used for clearing the internal debt between CRSB and FKRMM. 2) Transaction’s size based on net operating profits Net operating profits

as of August 31, 2017 NTA of FKRMM as of August 31, 2017 is less than NTA as of January 31, 2017 is due to reducing in retain earnings of which used for clearing the internal debt between CRSB and