Page 69 - Annual Report English 2018

Tycoons Worldwide Group (Thailand) Plc.

Tycoons Worldwide Group (Thailand) Public Company Limited and its subsidiary
Statement of comprehensive income
For the year ended 31 December 2018
(Unit: Baht)
Consolidated financial statements Separate financial statements
Note 2018 2017 2018 2017
Revenues
Sales 10,356,104,565 7,516,638,908 10,356,104,565 7,516,638,908
Gains on the dissolution of subsidiary - - 24,473,677 -
Gains on the dissolution of investment in other company 24,543,634 - - -
Gains on disposal of land, building and equipment 11,959,892 31,238,410 11,959,892 31,238,410
Gains on exchange 45,313,686 19,395,561 45,313,686 19,395,561
Interest income 1,472,504 1,119,229 1,458,762 1,119,229
Other income 22,148,365 17,953,857 14,872,996 17,953,857
Total revenues 10,461,542,646 7,586,345,965 10,454,183,578 7,586,345,965
Expenses
Cost of sales 9,919,757,550 6,974,819,259 9,919,757,550 6,974,819,259
Decrease of inventory to net realisable value (reversal) 60,174,355 (7,170,094) 60,174,355 (7,170,094)
9,979,931,905 6,967,649,165 9,979,931,905 6,967,649,165
Selling and distribution expenses 196,062,971 179,301,507 196,062,971 179,301,507
Administrative expenses 164,583,196 153,309,446 164,498,967 153,309,446
Reversal of allowance for doubtful accounts (5,975,089) (21,434,110) (5,975,089) (21,434,110)
Losses from raw material purchase contracts (reversal) 208,565 (6,164,126) 208,565 (6,164,126)
Losses on write-off of land improvement, building and equipment 27,592,056 9,469,975 27,592,056 9,469,975
Total expenses 10,362,403,604 7,282,131,857 10,362,319,375 7,282,131,857
Profit before share of loss from investment in associate,
finance cost and income tax benefits (expenses) 99,139,042 304,214,108 91,864,203 304,214,108
Share of loss from investment in associate 13 (49,291,621) (74,961,956) - -
Profit before finance cost and income tax benefits 49,847,421 229,252,152 91,864,203 304,214,108
(expenses)
Finance cost (78,300,133) (58,822,319) (78,298,171) (58,822,319)
Profit (loss) before income tax benefits (expenses) (28,452,712) 170,429,833 13,566,032 245,391,789
Income tax benefits (expenses) 22 (7,014,159) 17,860,528 (7,014,159) 17,860,528
Profit (loss) for the year (35,466,871) 188,290,361 6,551,873 263,252,317

The accompanying notes are an integral part of the financial statements.

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