Page 116 - Microsoft Word - One-Report-Eng 2024 Final.docx

Tycoons Worldwide Group (Thailand) Plc.

Tycoons Worldwide Group (Thailand) Public Company Limited and its subsidiaries

Cash flow statement

For the year ended 31 December 2024

(Unit: Baht)

Consolidated financial statements Separate financial statements
2024 2023 2024 2023
Cash flows from operating activities

Profit (loss) before tax (290,768,220) 167,028,725 (285,598,900) 34,748,152

Adjustments to reconcile profit before tax to

net cash provided by (paid from) operating activities:

Depreciation 197,138,758 210,473,346 189,466,801 210,062,876

Amortisation 15,248,365 14,682,076 15,248,365 14,682,076

Reversal of allowance for expected credit losses (1,553,063) (455,527) (1,553,063) (455,527)

Reduction of cost of inventory to net realisable value (reversal) 11,330,665 (11,820,883) 10,871,073 (11,820,883)

Reversal of losses from raw material purchase contracts -431,510 -2,982,981 -431,510 -2,982,981
Gains on disposal of equipment (165,819) (1,384,106) (165,819) (1,384,106)

Losses on write-offs of buildings and equipment 22,506,392 34,117,939 22,506,392 34,117,939

Losses from impairment of non-financial assets (reversal) (2,618,354) 8,463,710 (2,618,354) 8,463,710

Share of profit from investment in associate (12,728,040) (139,553,906) - -

Unrealised profit on sales of goods to associate company 2,417,604 6,284,886 - -

Provision for long-term employee benefits 6,478,275 5,036,121 5,180,019 5,036,121
Unrealised gains on fair value of derivatives (7,600,550) (53,170,064) (7,600,550) (53,170,064)
Unrealised losses on exchange rate 10,271,911 52,240,087 10,393,259 52,240,087
Finance income (2,523,509) (2,628,677) (2,177,882) (2,337,817)

Finance cost 71,979,179 64,494,619 71,273,603 64,494,619

Profit from operating activities before changes in

operating assets and liabilities 18,982,084 350,825,365 24,793,434 351,694,202

Operating assets (increase) decrease

Trade and other receivables (78,693,123) 112,136,065 (25,029,527) 112,136,065

Inventories (403,440,979) 576,461,155 (342,679,488) 576,461,155
Other current assets 32,830,743 (1,680,882) 40,626,858 (1,676,699)

Other non-current assets (6,304,184) (3,024,872) (3,240,531) (3,024,872)

Operating liabilities increase (decrease)

Trade and other payables 64,647,483 (54,207,671) 49,889,389 (54,235,670)

Other current liabilities 91,788,471 (42,853,260) 91,752,348 (42,853,260)

Other non-current liabilities - 300,000 - 300,000

Cash flows from (used in) operating activities (280,189,505) 937,955,900 (163,887,517) 938,800,921
(307,267)
Cash paid for long-term employee benefits (842,393) (307,267) (842,393)
Cash paid for income tax (4,887,793) (29,414,923) (4,887,793) (29,414,923)

Net cash flows from (used in) operating activities (285,384,565) 907,698,584 (169,082,577) 908,543,605

The accompanying notes are an integral part of the financial statements.
103