Page 103 - Annual Report English 2018

Tycoons Worldwide Group (Thailand) Plc.

As at 31 December 2018, the Company has unused tax losses totaling Baht 470

million (2017: Baht 644 million), on which deferred tax assets have not been
recognised as the Company believes future taxable profits may not be sufficient to
allow utilisation of the unused tax losses.

Details of expiry date of unused tax lossed are summarised as below:
(Unit: Million Baht)
Financial
statements in
which equity
method is applied/ Consolidated/
Separate financial Separate financial
statements statements
2018 2017
31 December 2018 - 174
31 December 2019 28 28
31 December 2020 425 425
31 December 2021 17 17
470 644

23. Basic earnings per share

Basic earnings (loss) per share is calculated by dividing profit (loss) for the year
attributable to equity holders of the Company (excluding other comprehensive income)
by the weighted average number of ordinary shares held by outsiders in issue during

the year.
Consolidated Separate
financial statements financial statements
2018 2017 2018 2017
Profit (loss) for the year (Thousand Baht) (35,467) 188,290 6,552 263,252

Weighted average number of ordinary shares
(Thousand shares) 596,749 596,749 596,749 596,749
Basic earnings (loss) per share (Baht/share) (0.06) 0.32 0.01 0.44

24. Promotional privileges

The Company has received promotional privileges from the Board of Investment for the
manufacture of bolt & nut and screw, pursuant to the promotion certificate No.
1181/2003 issued on 9 April 2003. Subject to certain imposed condition, the privileges
include an exemption from corporate income tax for a period of 8 years from the date

the promoted operations commenced generating revenues (9 August 2005) and a 50%
reduction of corporate income tax on income derived from the promoted operations for
a period of 5 years after the tax-exemption period ends.

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