for the various projects underway which are not yet completed and have not yet started contributing to the earnings. Notes We recommend that investors always read the MD&A together with the published
economics as demand and supply get balanced. Unfortunately we recently had a lightening strike in recently started Lake Charles ,which might take few months to recover, damage assessment is being done
Underway Amidst the recovery in the economy and our industries, we remain focused and committed to the various transformation programs that IVL embarked on in 2020. We are making good progress on our journey
theme park. The management of Carnival Magic initially started with overall design and main structure of the project. Currently, the main structural design is completed and the construction of various
final blueprint Example Project A progress % billing % Q3’20 10 - Q3’20 20 - Q4’20 15 10 Q4’20 35 20 Q1’21 20 50 Q2’21 - 20 100 100The entity measures progress according to % billing recognise revenue 99
project completed and started transfer in November 2016 while the rest were continuing revenue from existing completed projects. In 2016 there were 4 projects completed and started transfer ,Manor
project completed and started transfer in November 2016 while the rest were continuing revenue from existing completed projects. In 2016 there were 4 projects completed and started transfer ,Manor
decrease in unit transferring. There was no project completed construction in Q2/2017 while there was Manor Sanambinnam started transferring in Q2/2016. - Revenues from hotel operations in Q2/2017 amounted
decrease in unit transferring. There was no project completed construction in Q3/2017 while there were M Thonglor10 started transferring in Q3/2016 and Manor Sanambinnam continued transferring since Q2/2016
used in the construction of world class theme park. The management of Carnival Magic initially started with overall design and main structure of the project. Currently, the main structural design is