Page 100 - Annual report eng 2019

Tycoons Worldwide Group (Thailand) Plc.

The amounts of income tax relating to each component of other comprehensive income for the
years ended 31 December 2019 and 2018 are as follows:
(Unit: Thousand Baht)
Financial statements in which

equity method is applied
/Consolidated/Separate
financial statements

2019 2018
Deferred tax relating to
Actuarial losses (552) -
Actual gains from associate 65 -

(487) -

The reconciliation between accounting profit (loss) and income tax expenses is shown below.
(Unit: Thousand Baht)

Financial statements in
which equity method is
applied/Consolidated Separate
financial statements financial statements

2019 2018 2019 2018
Accounting profit (loss) before tax (966,858) (28,453) (934,810) 13,566

Applicable tax rate 20% 20% 20% 20%
Accounting profit (loss) before tax multiplied by
income tax rate (193,372) (5,691) (186,962) 2,713
Effects of:

Promotional privileges - (6,978) - (6,978)
Non-deductible expenses 106,153 (12,023) 106,153 (12,023)
Additional expense deductions allowed (70) (86) (70) (86)
Unused tax loss 73,314 - 73,314 -

Effect of financial statements in which equity
method is applied/elimination entry on the
consolidated

financial statements 6,410 8,404 - -
Others 38,389 23,388 38,389 23,388
Total 224,196 12,705 217,786 4,301

Income tax expenses reported in the statement
of comprehensive income 30,824 7,014 30,824 7,014

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