Page 101 - Annual report eng 2019
P. 101
Tycoons Worldwide Group (Thailand) Plc.
The components of deferred tax assets are as follows:
(Unit: Thousand Baht)
Statements of financial position
Financial statements in which equity
method is applied/
Separate financial statements
2019 2018
Deferred tax assets
Allowance for diminution in value of inventories 18,193 12,892
Provision for long-term employee benefits 7,412 4,529
Unused tax loss - 38,456
Total 25,605 55,877
As at 31 December 2019, the Company has unused tax losses totaling Baht 927 million (2018:
Baht 470 million), on which deferred tax assets have not been recognised as the Company
believes future taxable profits may not be sufficient to allow utilisation of the unused tax losses.
Details of expiry date of unused tax lossed are summarised as below:
(Unit: Million Baht)
Financial statements in which equity
method is applied/
Separate financial statements
2019 2018
31 December 2019 - 28
31 December 2020 425 425
31 December 2021 17 17
31 December 2023 118 -
31 December 2024 367 -
927 470
89
