completed. 4 Cost of sales and service Cost of sales and service for the period ended 30 September 2020 and 2019 are presented below: Q3-2019 Q2-2020 Q3-2020 9M-2019 9M-2020 Change THB Mn THB Mn THB Mn %QoQ

arrangement transaction. The construction was completed. As a consequence, there is no any further revenue from construction under a concession arrangement recognized. Cost of sales and service Cost of sales

held on August 14, 2019 and the EBT intends to be completed within December 2019 2. Related Parties and Relationship to the Company Transferee Company : Golden Lime Public Company Limited Transferor

around US$2.2B in Mar21 and operating cash flow of US$201M in 1Q21, IVL is well positioned. During the quarter, net debt reduced by US$148M with improved performance. Our net operating debt to equity has

September 2018 and deposit received for building lease, following an agreement for the development of mix-used project. Shareholders’ Equity As of 31 December 2018, Shareholders’ Equity was THB 6,078 million

. Total equity was at Bt90,678mn, increasing 5.7%. Financial Ratio Profitability: AIS continued delivering healthy profitability with an EBITDA margin of 49.4% from the focus on profitable revenue and well

sales increased 3 Million kWh (+5%) from the Solar Co-op projects (PPA 12 MW) which completed commercial operation commencement of all phases in March 2017, Management Discussion and Analysis of Business

ordinary shares of 1,437,456,000 shares under IPO with a par value of THB 5.00 per share and IPO price at THB 5.20 per share. This capital raising will reduce interest bearing debt to equity ratio of both

the project has been currently commencing the 2nd phase and will accelerate the construction for the remaining phases until completed all 4 phases. 2. Cost of goods sold and expenses: Consolidated Unit

of steam output. The project is extendable for up to an additional every 2 years. Construction works of the project was completed and its operation started on July 20, 2017. 1.1.2 Progress of