Page 95 - One Report Thai Final_ENG_2021
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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 2021
(Unit: Baht)
Financial statements
Consolidated in which equity
financial statement method is applied Separate financial statements
Note 2021 2020 2021 2020
Revenues
Sales 9,060,385,413 5,987,439,162 9,060,385,413 5,987,439,162
Gains on exchange - 24,934,847 - 24,934,847
Other income 32,722,839 22,073,121 32,710,629 22,073,121
Total revenues 9,093,108,252 6,034,447,130 9,093,096,042 6,034,447,130
Expenses
Cost of sales 7,997,471,896 5,800,203,915 7,997,471,896 5,800,203,915
Reversal of inventory to net realisable value 9 (36,144,900) (40,116,014) (36,144,900) (40,116,014)
7,961,326,996 5,760,087,901 7,961,326,996 5,760,087,901
Selling and distribution expenses 210,615,808 111,201,961 210,615,808 111,201,961
Administrative expenses 169,354,106 145,788,751 169,106,493 145,788,751
Allowance for expected credit losses (reversal) (18,018,541) 15,319,823 (18,018,541) 15,319,823
Losses from raw material purchase contracts (reversal) (7,483,181) 7,514,706 (7,483,181) 7,514,706
Impairment loss on equipment 227,636,626 - 227,636,626 -
Impairment loss on investment in associate 12 - - - 295,335,910
Losses on exchange 92,526,111 - 92,526,111 -
Loss (gain) on reclassification on investment (52,792,222) - 349,609,319 -
Total expenses 8,583,165,703 6,039,913,142 8,985,319,631 6,335,249,052
Operating profit (loss) 509,942,549 (5,466,012) 107,776,411 (300,801,922)
Share of loss from investment in associate 12 (87,873,410) (257,656,435) - -
Finance income 536,926 730,854 536,926 730,854
Finance cost (37,731,647) (52,808,777) (37,731,647) (52,808,777)
Profit (loss) before Income tax expenses 384,874,418 (315,200,370) 70,581,690 (352,879,845)
Income tax expenses 22 (8,043,469) (5,848,511) (8,043,469) (5,848,511)
Profit (loss) for the year 376,830,949 (321,048,881) 62,538,221 (358,728,356)
The accompanying notes are an integral part of the financial statements.
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