11,558 10,468 (15.7%) (7.0%) Inventories 8,964 9,461 7,684 (5.3%) 16.7% Investments in associated 464 536 593 (13.4%) (21.7%) Consolidation goodwill 418 438 450 (4.7%) (7.1%) Property, plant and equipment

Consolidation Project of PEA (ITiDC) and the New Network SDN Project of Government Savings Bank, which those are still in process but have not yet completed according to the achievement stage. Advance payment for

consolidation of BGYSP after raising stake from 49.0% to 100.0% in Q3’2018. However, Q4'2018 revenue decreased from the previous quarter mainly from the tariff decline after annual electricity sales achieved the

optimizing costs has shown good progress. This will continue as the impact from the integration of Saraburi Quicklime has an effect. On the variable cost side fuel costs were higher than in the same period

businesses will be the core platform for continuous growth in selective upstream & downstream integration over the next 5-10 years. On a proforma basis, this acquisition will add 25% to IVL’s 2018 core EBITDA

PERIOD ENDED 30 JUNE 2020 now via this vertical integration can become an integrated part of the production process, and gives the ability to Golden Lime to fully control the material management from raw

มุ่งหวังจะมีฟุตพร้ินท์ ด้ำนส่ิงแวดล้อมที่ ดีกว่ำ Benchmark กลยุทธ์กำรลงทุน (ตำมประกำศ SRI Fund) Screening / ESG Integration  กองทุนหลักจัดต้ังและบริหำรจัดกำรโดย Robeco Institutional Asset Management B.V

million, primarily due to 1) the revenue from the 10.8 MW Solar WVO - COOP projects which started commercial operation in December 2018 and 2) the consolidation of BGYSP after raising stake from 49.0% to

to PEA / MEA increased 157.7% y-on-y in 2019 to Baht 773 million and 29.9% y-on-y in Q4’2019 to Baht 165 million, primarily due to 1) the consolidation of BGYSP after raising stake from 49.0% to 100.0

contracts relating to the leasing out of the whole or substantial part of the Company’s businesses, the assignment to any other persons to manage the Company’s businesses, or the consolidation of such