increase in tax on profits arising from an increase in taxable profit. 9M'2016 9M'2017 % change million Baht million Baht y-on-y Finance cost Interest expense from borrowing 1,535 1,767 15.2% Interest

expense decreased 24.7% y-on-y and decreased 35.2% q-on-q (Baht 177 million in 2018 / Baht 46 million in Q4’2018), primarily attributable to a record of deferred tax income and a decrease in taxable profit

an increase in taxable profit. Q1’2017 Q1’2018 % change Q4’2017 Q1’2018 % change million Baht million Baht y-on-y million Baht million Baht q-on-q Finance cost Interest expense from borrowing 597 532

attributable to an decrease in taxable profit. 6M’2017 6M’2018 % change Q1’2018 Q2’2018 % change million Baht million Baht y-on-y million Baht million Baht q-on-q Finance cost Interest expense from borrowing

attributable to a record of deferred tax income. • Tax expense increased 238.1% q-on-q from Baht 21 million for Q2’2018 to Baht 71 million for Q3’2018, primarily attributable to an increase in taxable profit and

an increase in taxable profit. Q1’19 Q4’19 Q1’20 change change Btmn Btmn Btmn y-on-y q-on-q Finance cost Interest expense from borrowing 652 689 700 7.4% 1.6% Interest expense from ABPIF 56 44 40 (28.6

tax income and lower taxable profit in Q2’2020. 6M’19 6M’20 change Q2’19 Q1’20 Q2’20 change change Btmn Btmn y-on-y Btmn Btmn Btmn y-on-y q-on-q Finance cost Interest expense from borrowing 1,325 1,379

exceeding THB 4,999 million1 of the said purchase price by the Company and its subsidiary’ s internal cash flow. o The remaining investment value is expected to be funded by borrowings from financial

, diversified and steady cash flows making it a unique world-class chemical company. This acquisition will be funded by cash and debt and there is no equity dilution anticipated. IVL balance sheet was

be funded by loans from financial institution and to be used as cash flow for the company. 6. The benefits from capital increase and share allotment The capital increase for investment in the water