Page 103 - Annual report eng 2019

Tycoons Worldwide Group (Thailand) Plc.

Below is the financial information for the years ended 2019 and 2018 by segment.

(Unit: Million Baht)
Manufacture
steel wire rods
and reinforced Manufacture steel Manufacture screw
concrete bar annealing wire and bolt Trading Total
2019 2018 2019 2018 2019 2018 2019 2018 2019 2018
Revenues
Domestic sales 4,244 4,745 83 99 22 42 2,547 1,007 6,896 5,893
Export sales 99 276 816 1,119 1,589 2,070 162 998 2,666 4,463
Total revenues 4,343 5,021 899 1,218 1,611 2,112 2,709 2,005 9,562 10,356
Results
Segment profit (loss) (241) (207) (28) 36 (179) 140 44 53 (404) 22
Unallocated profit and expenses:
Gains on the dissolution of investment in other company - 25
Gains on disposal of land, building and equipment 14 12
Gains on exchange 37 45
Interest income 2 1
Other income 13 22
Losses on write-off of land improvement, building and equipment (118) (28)
Losses from impairment of building and equipment (418) -
Share of loss from investment in associate (32) (49)
Finance cost (60) (78)
Other losses (1) -
Loss before income tax expenses (967) (28)
Income tax expenses (31) (7)

Loss for the year (998) (35)

Major customers

For the year 2019, the Company has no major customer with revenue of 10 percent or more of

an entity’s revenues, arising from sales by all segments (2018: Baht 1,726 million derived from
one major customer, arising from sales by all segments).

24. Provident fund

The Company and its employees have jointly established a provident fund in accordance with

the Provident Fund Act B.E. 2530. Both the Company and employees contributed to the fund
monthly at the rate of 5 and 3 percent of basic salary respectively. The fund, which is managed
by Kasikorn Asset Management Co., Ltd., will be paid to employees upon termination in

accordance with the fund rules. The contributions for the year 2019 amounting to approximately
Baht 4 million (2018: Baht 4 million) were recognised as expenses.

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