Below are the financial statements of Indorama Ventures, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of THB | 2024 | 2023 | 2022 |
|---|---|---|---|
| Income | — | — | — |
| Revenue from sales of goods | 541,582.62a | 541,458.05a | - |
| Dividend income | 0a | 0a | - |
| Net foreign exchange gains | 0a | 0a | - |
| Other income | 4,313.51a | 5,091.12a | - |
| Total income | 545,896.13a | 546,549.16a | - |
| Expenses | — | — | — |
| Cost of sales of goods | -466,317.77a | -476,039.29a | - |
| Distribution costs | -28,995.27a | -28,439.02a | - |
| Administrative expenses | -32,413.21a | -29,729.96a | - |
| Impairment losses on long-lived assets | -22,487.46a | -10,726.95a | - |
| Management benefit expenses | -767.81a | -574.42a | - |
| Net foreign exchange losses | -1,015.89a | -466.54a | - |
| Total expenses | -551,997.43a | -545,976.17a | - |
| Profit (loss) from operating activities | -6,101.3a | 572.99a | - |
| Finance income | 1,027.62a | 1,182.62a | - |
| Finance costs | -17,227.69a | -15,367.21a | - |
| Reversal of expected credit loss (expected credit loss), net | -150.69a | 6.16a | - |
| Share of net profit (loss) of associate and joint ventures accounted for using equity method | -589.06a | 8.28a | - |
| Profit (loss) before tax expense (income) | -23,041.12a | -13,597.16a | - |
| Tax income | -3,854.86a | -2,683.81a | - |
| Profit (loss) for the year | -19,186.26a | -10,913.34a | - |
| Profit (loss) attributable to: | — | — | — |
| Owners of the company | -19,262.13a | -10,797.94a | - |
| Non-controlling interests | 75.87a | -115.4a | - |
| Revenue from sale of goods | - | - | 656,266.4a |
| Net foreign exchange gains | - | - | 976.1a |
| Other income | - | - | 8,335.4a |
| Total income | - | - | 665,577.9a |
| Cost of sales of goods | - | - | -544,321.3a |
| Distribution costs | - | - | -36,701.7a |
| Administrative expenses | - | - | -25,714.3a |
| Impairment losses on long-lived assets (2022 and 2023: Impairment loss of property, plant and equipment, goodwill and other intangible assets) | - | - | -8,645.1a |
| Management benefit expenses | - | - | -478.9a |
| Net foreign exchange losses | - | - | 0a |
| Total expenses | - | - | -615,861.3a |
| Profit (loss) from operating activities | - | - | 49,716.7a |
| Finance income | - | - | 946.8a |
| Finance costs | - | - | -10,495.2a |
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