investments in joint venture and retained earnings. 3. AIS has been in a partnership with TOT since end-2016 to work on three separate deals to co-utilize assets consisting of 2100MHz spectrum, towers, and 2G
subsidies. EBITDA margin was at 44.6%, compared to 36.0% in 1Q16 and 36.4% in 4Q16. Net profit was Bt7,693mn declining 4.7% YoY but improving 19% QoQ. The Bt3,340mn remaining tax benefit from investments in
comprised of employee benefit expenses, consulting fee, depreciation, public relation expenses and others. Administrative expenses increase 22.9% QoQ from Baht 96.0 million to Baht 118.0 million, increasing
earnings on a YoY basis both in 4Q19 and 2019, driven mainly by a negative EBITDA contribution from IPA. This is in line with industry spreads, which were at an all-time low. IVL has launched a turnaround
% - 0% - 0% Employee benefit obligations 48,534 1% 52,166 1% 47,685 1% 42,578 1% Other non-current liabilities 121,646 2% 100,735 2% 81,904 1% 71,022 1% Total non-current liabilities 188,368 4% 154,172 2
adjustment to the beginning balance of retained earnings as at 1-Jan-19. The effect of related transactions is presented in Note 2 of financial statements and also provided on page 4. Considering the entire
1) assemblage of parts and 2) machinery for generating energy, changing or transmitting energy. These benefits will be recognized over a 5-years period starting from 2020. The tax benefit in 2020 was
to net realizable value based on inventory aging; and higher employee benefit obligations under severance pay of Baht 20 million for employees serving 20 years or more from 300 to 400 days, according
million, increased by 19.3% when compared to the fourth quarter of 2020. In the first quarter of 2021, basic earnings per share, stood at Baht 0.027 per share, increased by 170.0% when compared to the
though the disposal of assets by means of a bidding process is considered a fair process and does not benefit the connected person of the Company, for the transparency purposes and in order for the Company