accounts receivable ‐ other companies 3,625,326 3,306,502 Less : Allowance for doubtful accounts (10,307)      (28,351)      3,615,019 3,278,151 Inventory In general, Hana's production is based on clients

 ‐ other companies 3,995,297 2,803,351 Less : Allowance for doubtful accounts (9,274)        (22,567)      3,986,023 2,780,784 Inventory In general, Hana's production is based on clients' orders

3,580,391 3,957,370 Less : Allowance for doubtful accounts (5,609) (8,525) 3,574,782 3,948,845 Inventory In general, Hana's production is based on clients' orders, consequently, the majority of inventory are

3,663,678 Less : Allowance for doubtful accounts (9,080) (14,884) 3,112,417 3,648,794 Inventory In general, Hana's production is based on clients' orders, consequently, the majority of inventory are raw

2018 MD&A 7 Capital Expenditure Program We continue to invest in the business to enhance overall production, vertical integration and quality of earnings. IVL balance sheet and cash flow generation are

. Therefore, the production yield was lower than the Company’s standard yields. Company found the error in devalued of inventories, so company has adjusted Balance Sheet at 31st March 2015 and Comprehensive

2014. Due to decreased in Biodiesel production as mentioned above and the Company used most of its by-products as raw materials in B100 production to reduce Biodiesel’s production cost, which made

. Other income decreased by 1.42 million baht or 7.19 % from the year 2016. Main reason why the revenue from the sale of scrap was reduced because the waste in the production process was reduced by

invest in the business to enhance overall production, vertical integration and quality of earnings. IVL balance sheet and cash flow generation are strong, allowing us to invest significantly in our project

%, because the price of natural rubber, which is the main raw material for production, decreased. • Selling expenses decreased 2.46 million baht or 6.04 % due to higher operating efficiency and other expenses