Page 60 - Microsoft Word - One-Report-Eng 2024 Final.docx

Tycoons Worldwide Group (Thailand) Plc.

Current assets of 2024 were 2,465MB increased by 10.94% with amount 243MB compared to 2023
mainly increase due to increase of inventory.

Non-current assets of 2024 was 3,453MB, decrease by 2.84% with amount 101MB compared to
2023, the reason was other non-current financial assets decreased

Quality of assets

Assets

At each reporting date, the Company performs impairment reviews in respect of the long-term
investment, properly, plant and equipment and other intangible assets whenever events or changes
in circumstances indicate that an asset may be impaired. An impairment loss is recognized when
the recoverable amount of an asset, which is the higher of the asset’s fair value less costs to sell
and its value in use, is less than the carrying amount.

Accounts receivable

As of December 31, 2024 accounts receivable amounted to 280MB, which could be broken down
into A/R of unrelated parties 292MB and A/R of related party 7MB. Total A/R amounted to 299MB.
Less Allowance for doubtful A/C 19MB. In 2023 which could be broken down into A/R of unrelated
parties 202MB and A/R from related party 17MB. The credit term for other parties varies from 7 -
120 days. New clients as well as customers whose payments are overdue will be subject to make
a payment equal to a certain percentage of the purchase amount before shipment.

Further details regarding the aging of accounts receivable are as set out below:

Unit: MB
Dec 31, 2024 Dec 31, 2023
Inter- company A/R 7 17
A/R –unrelated parties 292 202
Total A/R 299 219
Aging of A/R-unrelated parties
Past due 112 47
Up to 3 months 156 134
3 months up to 6 months 4 -
6 months up to 12 months - -
Over 12 months 19 21
Sub-total 299 219
Less Allowance for doubtful A/C (19) (21)
Total A/R - net 280 198

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