in other comprehensive income except for dividend which is recognized in profit or loss. - The interest income from loans recognition method has changed to the effective interest rate method (Effective

a result, the Company's EBITDA margin to total revenues decreased from 10.7 percent to 9.4 percent. Net Profit In 2019, the Company and its subsidiaries earn the net profit pursuant to the financial

/(Loss) from investment 27 1 16 0 11 69 20 0 7 35 Income Tax Expenses 0 - 9 0 (9) (100) 4 0 (4) (100) Net Profit bef extra items 67 2 71 1 (4) (6) 64 1 3 5 Extra item net of tax(2) (1,920) (45) - - (1,920

services (1,405.95) 0.00 (1,405.95) Allowance for devaluation of inventories 0.00 0.00 Gross profit (loss) by segment 108.37 1.40 109.77 Segment income (%) 99.93 0.09 100.02 Sales to Cost of Sales (%) 92.84

(48.3)% (40.1)% 21,965 22,370 (1.8)% Operating profit before tax 9,965 11,353 11,038 (12.2)% (9.7)% 44,271 41,150 7.6% Income tax expenses 1,767 2,224 2,457 (20.5)% (28.1)% 8,554 7,832 9.2% Net profit

3.56% to 4.61%, the earnings per share was increased from 1.13 Baht to 1.34 Baht, the net profit was increased 18.39% and the comprehensive income was increased 45.31%. For the separate financial

-113.3% Financial expenses -0.66 -1.16 0.50 -43.1% Share of income from investment in associate 0.09 0.52 -0.43 -82.7% Income tax expenses 0.82 -6.58 7.40 -112.5% Net profit for the period -4.40 27.71

services (1,283.14) 0.00 (1,283.14) 0.00 (1,283.14) Allowance for devaluation of inventories 0.00 0.00 0.00 0.00 Gross profit (loss) by segment 121.16 0.00 121.16 1.40 122.56 Segment income (%) 99.90 0.00

due to the declining in raw water sales volume and net profit attributable to Equity holders of the parent company was 1,117.52 million Baht, decreased by 103.66 million Baht or 8.49%. Income statement

Reconciliation of Core Profit After Tax and NCI to Reported Net Profit 12 Table 7 Cash Flow Statement 12 Table 8 Debt Profile 13 Table 9 Joint Ventures Performance 13 Table 10 IVL Consolidated Statement of Income