, interest income from POCI also increased during 1Q21 yoy from the progress in resolving POCI loans. Interest expense totaled Baht 985 million, a decline of 24.3% yoy, with cost of funds declining further to

Long Term Debt 11 Indorama Ventures 1st Quarter 2020 MD&A 10 Table 4: Reconciliation of Core Profit after Tax and NCI to Reported Net Profit $million (except where stated otherwise) 1Q20 4Q19 1Q19 1Q20

financial institutions 265.3 227.4 37.9 16.7 Long-term loans from financial institutions 3,657.2 2,767.5 889.7 32.1 Trade and other payables 269.0 249.4 19.6 7.9 Leases liabilities (net) 25.8 0.6 25.2 4,200.0

summary of the risk management or allocation of IT resources in a year, etc.; (b) any progress of the IT project (if any); (c) any compliance with the regulations, rules or agreement made with external

overall construction progress of Carnival Magic Project is going according to the plan despite the setbacks from Phuket’s weather in 2017 with more rains compared to other years. In addition, the shortage

over THB 500 million mainly from the management of power plants, power and steam network integration and management of Long-Term Service Agreements (LTSA) to achieve highest efficiency and reduce

of the risk management or allocation of IT resources in a year, etc.; (b) any progress of the IT project (if any); (c) any compliance with the regulations, rules or agreement made with external parties

, South Korea. The transaction is completed on 15 January 2019. Such acquisition not only enables EGCO to receive the immediate income, but also adds the economic value to the company in the long term. EGCO

for Capex and investments in progress that are not generating revenue and earnings as on date given Figure 9: Repayment Schedule of Long Term Debts 14 Table 8: Joint Ventures Performance USD in Mill

sectors. In addition, there is considerable excess liquidity in the commercial banking system, with a high liquidity coverage ratio of 162.3 percent. Therefore, the progress of infrastructure investment