Brazil by acquiring M&G Fibras (Transaction closed: Feb2019) and entered in to the high growth fibers business. IVL entered in to the high-growth North African region by first entering in to the JV with
financial institutions and requiring them to put in place IT risk supervision measures consistent with their business operations, transaction volumes, IT sophistication and related risks. IT risk supervision
financial transaction services to offset reduced income after the waiver of fees for funds transfer via digital channels. By the end of the fourth quarter, banks should be prepared for new rules and
possessory right or the leasehold in land, building, construction, machine, equipment including all other related assets used in the operation of an infrastructure business; (b) the concession right to operate
ownership of, the possessory right or the leasehold in land, building, construction, machine, equipment including all other related assets used in the operation of an infrastructure business; (b) the
classification excludes impairment expenses (4) This by our internal classification includes gain on bargain purchase on new acquisitions and their related transaction costs, pre-operative expenses. (5) Interest
excludes impairment expenses (4) This by our internal classification includes gain on bargain purchase on new acquisitions and their related transaction costs, pre-operative expenses. (5) Interest net of tax
acquisitions and their related transaction costs and pre- operative expenses 4 Interest net of tax on THB 15 billion Perpetual Debentures 5 M&A earnings are annualized for ROCE calculation to appropriately