, we also faced the need to do earlier than expected preventive maintenance, which reduced our utilization rate and added to the fix costs. SG&A was slightly higher as there were some one shot impacts
May 31, 2020, the loss allowance for a financial instrument was calculated based on the concept of expected credit losses (ECL), the principles of hedge accounting and forward looking macroeconomic
rationalization project. Second, we finalized and launched (trial operation) the 2MW Solar plant, that has already started to generate the expected savings as well as further contributes to the green credentials of
2018 to accommodate the customers during the festive season, such as the New Year’s and the Chinese New Year. The renovation work resumed in March 2018 and is expected to be completed by 3Q18, having
8 production assets in the US, Europe and China, with a global innova- tion center in the UK. The transaction is expected to be completed in 4Q17/1Q18, subject to regulatory approvals. DTF specializes
continuous improvement in margin from 2Q 2017 to 1Q 2019. The Integrated PET margin improvement since March 2019 in Asia region is expected to benefit IVL globally especially from the recent weakness in PX
result of expected credit losses instead of recognizing losses when they occur under the former accounting policies. When recognizing expected credit losses on the Company’s financial assets, it is no
income. 2. Impairment of financial assets TFRS 9 requires entities to estimate impairment as a result of expected credit losses instead of recognising losses when they occur under the former accounting
’ meeting and the conditions precedent as set out in the shares purchase agreement share subscription agreement have been fulfilled of which it is expected to complete within 20 July 2018. In addition, the