Page 76 - Annual Report English 2018

Tycoons Worldwide Group (Thailand) Plc.

Tycoons Worldwide Group (Thailand) Public Company Limited and its subsidiary
Cash flow statement
For the year ended 31 December 2018
(Unit: Baht)
Consolidated financial statements Separate financial statements
2018 2017 2018 2017
Cash flows from operating activities
Profit (loss) before tax (28,452,712) 170,429,833 13,566,032 245,391,789
Adjustments to reconcile profit (loss) before tax to
net cash provided by (paid from) operating activities:
Depreciation 331,976,041 300,268,314 331,976,041 300,268,314
Amortisation 18,997,179 12,394,748 18,997,179 12,394,748
Reversal of allowance for doubtful accounts (5,975,089) (21,434,110) (5,975,089) (21,434,110)
Decrease of inventory to net realisable value (reversal) 60,174,355 (7,170,094) 60,174,355 (7,170,094)
Gains on the dissolution of subsidiary - - (24,473,677) -
Gains on the dissolution of investment in other company (24,543,634) - - -
Losses from raw material purchase contracts (reversal) 208,565 (6,164,126) 208,565 (6,164,126)
Gains on disposal of lands, building and equipment (11,959,892) (31,238,410) (11,959,892) (31,238,410)
Losses on write-of land improvement, building and equipment 27,592,056 9,469,975 27,592,056 9,469,975
Share of loss from investment in associate 49,291,621 74,961,956 - -
Unrealised losses on fair value of derivatives 9,213,844 3,472,461 9,213,844 3,472,461
Provision for long-term employee benefits 2,456,603 2,059,878 2,456,603 2,059,878
Unrealised gains on exchange (16,247,621) (8,195,791) (16,247,621) (8,195,791)
Interest income (1,472,504) (1,119,229) (1,458,762) (1,119,229)
Interest expenses 74,008,332 55,294,525 74,008,332 55,294,525
Profit from operating activities before
changes in operating assets and liabilities 485,267,144 553,029,930 478,077,966 553,029,930
Operating assets (increase) decrease
Trade and other receivables (79,043,922) (427,779,474) (79,043,922) (427,779,474)
Inventories (349,997,471) (628,621,775) (349,997,471) (628,621,775)
Other current assets 7,181,533 (25,937,608) 7,181,533 (25,941,808)
Other non-current assets (15,783,290) (17,975,585) (15,783,290) (17,975,585)
Operating liabilities increase (decrease)
Trade and other payables 520,149,268 (103,786,722) 520,149,268 (103,782,522)
Other current liabilities 4,705,951 26,717,016 4,705,951 26,717,016
Net cash flows from (used in) operating activities 572,479,213 (624,354,218) 565,290,035 (624,354,218)

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

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