FX fluctuation normally causes no material impact on overall performance of the company. B.Grimm always has well-planned strategies to manage the FX risk as follows; 1) Natural hedging where the ratio

Revenue Structure ILM operates as a retailer of furniture and home furnishing products. The Company‘s sources of revenue can be divided into 4 main businesses as follows: Retail Stores 76.3% Projects 12.9

Department of Lands. Maximum tax rates vary by asset type and will become effective from January 1, 2020, as follows: Asset types Maximum Tax Rates (%) Land or buildings used for the purpose of agriculture

per ton (YoY) in an otherwise strong season. Figure 1: IVL Quarterly Core EBITDA (LTM) The steady improvement seen in IVL’s core earn- ings follows on from IVL’s consistent strategy of prudent

credit ratings from the end March 2017 and the end of 2016. Details of the Bank’s credit ratings are as follows: Credit Rating Agency * June 30, 2017 March 31, 2017 December 31, 2016 Moody’s Investors

earnings im- pact from the seasonal maintenances. Figure 1: IVL Quarterly Core EBITDA (LTM) The steady improvement seen in core earnings follows on from IVL’s strategy of prudent invest- ments in the higher

of September 2017, credit-rating agencies maintained the Bank’s credit ratings from the end June 2017 and the end of 2016. Details of the Bank’s credit ratings are as follows: Credit Rating Agency

persons as custody agents for foreign securities as follows: 1. system for consideration and selection of agents that are foreign custodians equipped with work systems for the custody of foreign securities

facility is currently under normalisation. This follows acquisitions of M&G Fibras in Brazil and UTT (Airbag fabric in EU and Mexico) in 1Q19, thus strengthening our strategy of domestic supplies to global

are as follows: Credit Rating Agency * June 2019 March 2019 December 2018 Moody’s Investors Service Long-term Deposit Baa1 Baa1 Baa1 Short-term Deposit P-2 P-2 P-2 Senior Unsecured Debt Instrument Baa1