to be realized in 2018 following the new contracts negotiation. IVL Pet segment will potentially benefit from trade barrier actions on PET im- ports into USA and Japan as our strategic manufacturing
- nesia due to certain debottlenecking projects and a technical glitch which have been overcome in end 4Q17. An impact from utilization of cash flow to prepay part of trade payables also had a moderate
reduction from e-commerce channel of sale by 22.0 percent. The decrease of e- commerce was caused by the changing of air ticket booking behavior. Meanwhile, number of passenger from the point-of-sale in
contribution in 2019. With 90 manufacturing sites across 30 countries, and more than 90% in domestic sales, IVL is strongly suited for today’s macro environment to benefit from the trade tensions, supported by
(Before Change) Reappraisal Basis (After Change) Increase (Decrease) Assets - Lands - Allowance for Impairment Losses of Lands 553.29 - 795.12 - 249.70 (7.87) Liabilities - Deferred tax liabilities - 49.94
well as WINNER Ratchaburi opened in August 2019), growth from online channel, increased domestic project sales, and growth from “Younique Customized Furniture 4.0”, despite the decrease in overseas sales
economic slowdown in key trading partners, the tensions on trade protectionism policies. Tourism sector slowed down mainly from the decreased in Chinese and European tourist figures. However, the number of