Page 104 - Annual Report English 2018
P. 104
Tycoons Worldwide Group (Thailand) Plc.
25. Segment information
Operating segment information is reported in a manner consistent with the internal
reports that are regularly reviewed by the chief operating decision maker in order to
make decisions about the allocation of resources to the segment and assess its
performance.
For management purposes, the Group are organised into business units based on its
products and services.
The Group business operations involve four principal segments: (1) manufacture steel
wire rods and reinforce concrete bar (2) manufacture steel annealing wire (3)
manufacture screw and bolt and (4) trading. These operations are mainly carried on in
Thailand.
Below is the financial information for the years ended 2018 and 2017 by segment.
(Unit: Million Baht)
Manufacture
steel wire rods
and reinforced Manufacture steel Manufacture screw
concrete bar annealing wire and bolt Trading Total
2018 2017 2018 2017 2018 2017 2018 2017 2018 2017
Revenues
Domestic sales 4,745 3,231 99 108 42 60 1,007 - 5,893 3,399
Export sales 276 685 1,119 1,119 2,070 1,678 998 636 4,463 4,118
Total revenues 5,021 3,916 1,218 1,227 2,112 1,738 2,005 636 10,356 7,517
Results
Segment profit (loss) (207) 46 36 49 140 126 53 17 22 238
Unallocated profit and expenses:
Gains on the dissolution of investment in other company 25 -
Gains on disposal of land, building and equipment 12 31
Gains on exchange 45 19
Interest income 1 1
Other income 22 18
Reversal of losses from raw material purchase contracts - 6
Losses on write-off of land improvement, building and equipment (28) (9)
Share of loss from investment in associate (49) (75)
Finance cost (78) (59)
Profit (loss) before income tax benefits (expenses) (28) 170
Income tax benefits (expenses) (7) 18
Profit (loss) for the year (35) 188
Major customers
For the year 2018, the Group have revenue from one major customer in amount of
Baht 1,726 million, arising from sales by all segments (2017: Baht 1,584 million derived
from one major customer, arising from sales by all segments).
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