Company Limited (a 100-percent subsidiary of IEC) through a contract with Energy System Engineering and Service Co., Ltd. (ESES), deemed under control of Mr. Bhusansa and Mr. Saran, for the construction of
relation to the decreasing in sales by 3.42%. Company sell only to some industrial customers, which entered into short-term contract with specific quantities and delivery term (Made to Order). This helps the
the manufacture of packaging materials under Asia Packaging Manufacturing company limited (“APM”) which is also expected to start operation in 4Q/2020, to have control over the supply chain and sustain
consist of (1) raw materials and packaging for productions, and (2) purchase costs of 3rd party products for distribution. The variable cost components accounted for 85% of the total cost of goods sold: 1.1
varied in accordance with the volume sold consist of (1) raw materials and packaging for productions, and (2) purchase costs of 3rd party products for distribution. The variable cost components accounted
government orders. The Company entered into short-term contract with specific quantities and delivery term (Made to Order). This helps the Company to efficiently control inventories aging and procurement that
2019 such agreement remains 24 years). On 31 March 2019, Signed the water treatment contract with a company in Wellgrow Industrial Estate for a period of 10 years which has recognize revenue since 1
construction works. Under this method, the revenue recognised is based on the latest estimate of the total value of the contract and actual completion rate determined by reference to the physical state of
IEC through the transactions related to the outsourcing contract with Thai-Chin Engineering & Construction where Mr. Rattanathorn Shinkrajangkij and Ms. Yadapat Shinkrajangkij were directors. The