Page 107 - Annual report eng 2019
P. 107
Tycoons Worldwide Group (Thailand) Plc.
Forward exchange contracts outstanding are summarised below.
As at 31 December 2019
Foreign currency Bought amount Contractual exchange rate Contractual maturity date
(Million) (Baht per 1 foreign currency unit)
US dollar 24.8 30.00 - 30.60 21 February 2020 - 3 July 2020
As at 31 December 2018
Foreign currency Bought amount Contractual exchange rate Contractual maturity date
(Million) (Baht per 1 foreign currency unit)
US dollar 41.86 32.14 - 32.84 3 April 2019 - 3 July 2019
27.2 Fair values of financial instruments
Since the majority of the Company’s financial instruments are short-term in nature or bear
floating interest rates, their fair value is not expected to be materially different from the amounts
presented in the statements of financial position.
28. Capital management
The primary objective of the Company’s capital management is to ensure that it has appropriate
capital structure in order to support its business and maximise shareholder value. As at 31
December 2019, the Company’s debt-to-equity ratio for the financial statements in which equity
method is applied was 0.52:1 (2018: 0.52:1) and the Company’s debt-to-equity ratio for the
separate financial statement was 0.48:1 (2018: 0.49:1).
29. Approval of financial statements
These financial statements were authorised for issue by the Company’s authorised directors on
24 February 2020.
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