carried by significant capital investments including future development of new facilities; exchange rate and interest rate fluctuations; pending environmental lawsuits; changes in laws and regulations

impetus to the earnings of the Company in the forthcoming quarters. In another meaningful development, on 10 October 2017, IVL announced that it has entered into an agreement to acquire DuPont Teijin Films

in the commercial banking system, with a high level of liquidity than required by the Bank of Thailand. Infrastructure investment progress needs to be closely monitored as more bidding processes will

had invested in products and services in the large projects that those were in progress but not yet completed. As a result, the trade accounts payable increased as well as the unbilled Receivables

of mainly indirect staff cost, office rental and depreciation & amortization. The increase in SG&A is mainly attributed to the write off of 16.97 mb of accrued work-in-progress resulting from

increase of Baht 24.73 million or 5.28 % increase. The significant increase was the current asset of unbilled completed work value of Baht 33.07 million since the work progress has not yet been achieved as

the Company obtains new projects which were still work in progress and not yet completed for delivery. Other current assets decreased by 34.3 MB or 36.3%, due to an increase in prepaid maintenance cost

. Payment process : Payment will depend on the agreement with the contract party that will be in portion payment and subjected to work progress. The period of project operation is approximately 18 months. 6

600 Million Baht. Payment process : Payment will depend on the agreement with the contract party that will be in portion payment and subjected to work progress. The period of project operation is

been no new awarded one. Investment project on hand as ended December 31, 2017 The progress of the 2 investment projects are as follows: 1. Water Supply Investment Project for Chiang Mai Municipality