Quarter 2020 MD&A 8 IVL Strategic Priorities Going Forward IVL remains focused on its financial objective for 2023 - to achieve double-digit ROCE in each of its core businesses; top decile total shareholder
Working capital and inventory management IVL Strategic Priorities Going Forward IVL remains focused on its financial objective for 2023 - to achieve double-digit ROCE in each of its core businesses; top
society and communities forward. Other Events • The opening of “IKEA Bangyai” at CentralPlaza WestGate in March 2018 signifies the largest IKEA store in Southeast Asia, with an area of more than 50,000 sq.m
. Furthermore, section 110 of the same Act prescribes that securities companies shall open up within the hours, and close on the days, as prescribed by the Office, except where the Office grants permission for it
from narrower DTD/DB spread. Within this quarter there was an inventory gain of THB 241 million from the increase in crude price, but there was a loss from the crude and product oil price hedging
longer than normal. However electricity sales rose 9% QoQ from the increased average irradiation hours seasonally. Within this quarter, share of profit from associated companies was recorded at THB 19
baht, which was resulted from higher provision in the first quarter of 2020 with probable forward looking risk factors due to COVID-19 situation. Net profit was mainly contributed by continued growth of
Contractual Obligations and Off-Balance Sheet Arrangements Please see Note to Financial Statements for the year ended 31 December 2018 Item 24 Commitment and contingent liabilities. 6 Forward looking The