Page 99 - Annual Report English 2018
P. 99
Tycoons Worldwide Group (Thailand) Plc.
Long-term employee benefit expenses included in the profit or loss was as follows:
(Unit: Thousand Baht)
Consolidated/Separate
financial statements
2018 2017
Cost of sales 1,471 1,182
Selling and administrative expenses 985 878
Total expenses recognised in profit or loss 2,456 2,060
The Company expect to pay Baht 1 million of long-term employee benefits during the
next year (2017: nil).
As at 31 December 2018, the weighted average duration of the liabilities for long-term
employee benefit is 15 years (2017: 15 years).
Significant actuarial assumptions are summarised below:
(Unit: percent per annum)
Financial
statements in
which equity
method is applied Consolidated/
/Separate financial Separate financial
statements statements
2018 2017
Discount rate 2.9 2.9
Future salary increase rate 3.0 - 4.5 3.0 - 4.5
Staff turnover rate (depending on age) 0.0 - 50.0 0.0 - 50.0
The result of sensitivity analysis for significant assumptions that affect the present
value of the long-term employee benefit obligation as at 31 December 2018 and 2017
are summarised below:
(Unit: Million Baht)
As at 31 December 2018
Financial statements in which
equity method is applied
/Separate financial statements
Increase 0.5% Decrease 0.5%
Discount rate (2) 2
Salary increase rate 2 (2)
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