previous branches increased by Baht 5.64 million or equivalent to 3.58% and from the new branches increased by Baht 13.20 million or equivalent to 234.52%) because all new branches fully recognized the

materially cut down sales expenses from the previous year in alignment with the drop in sales revenue. Nevertheless, some of the sales expenses took time to adjust and did not fully reflect the slowdown in

was fully integrated into revenue from hotel business for the whole quarter. The third quarter is, in general, the peak season of Fiji and Mauritius where we have 3 hotels in those countries, although

fully recorded as a ready-to-use asset while the AVA power plant has been recorded as assets ready-for-use for a period of approximately six months. The Company accepted the transfer of such assets from

receivables 818 731 +12% Inventories 968 812 +19% Other current assets 190 96 +98% Total current assets 2,013 1,731 +16% Property, plant and equipment 2,005 1,781 +13% Investments in joint venture 4 5 -27

may not match to IVL due to holdings segment (3) Periods with Restated or (R) are restated numbers as per the adoption of new and revised TFRS. Executive Summary IVL management is pleased to announce

assets disposal as follow: (1) Disposal of the Subsidiaries’ land and properties, Value of Consideration of Baht550,000,000 (Five hundred fifty thousand million) and book value of Baht240,159,461.91 (Two

expenses decreased by 23.7% from 1Q18 to THB 82 million in 1Q19 with main impact from fully depreciated of assets under Dusit Thani Bangkok hotel. Education Business In 1Q19, revenue from education business

the Company holds its shares at 99.99 percent, the purchase, and acquisition, as mentioned above, are not subject to the acquisition or disposal of assets transaction or connected transaction pursuant

) (17.72%) Investment properties 22.05 22.28 (0.23) (1.03%) Property, plant and equipment 551.36 564.97 (13.61) (2.41%) Goodwill 19.38 19.38 - 0.00% Intangible assets 14.22 13.68 0.54 3.95% Deferred income