Page 69 - Annual report eng 2019

Tycoons Worldwide Group (Thailand) Plc.

Tycoons Worldwide Group (Thailand) Public Company Limited
Statement of comprehensive income
For the year ended 31 December 2019
(Unit: Baht)
Financial statement
in which equity Consolidated
method is applied financial statement Separate financial statements
Note 2019 2018 2019 2018
Revenues
Sales 9,562,392,905 10,356,104,565 9,562,392,905 10,356,104,565
Gains on the dissolution of subsidiary - - - 24,473,677
Gains on the dissolution of investment in other company - 24,543,634 - -
Gains on disposal of land, building and equipment 13,560,238 11,959,892 13,560,238 11,959,892
Gains on exchange 36,751,277 45,313,686 36,751,277 45,313,686
Interest income 1,521,369 1,472,504 1,521,369 1,458,762
Other income 12,663,538 22,148,365 12,663,538 14,872,996
Total revenues 9,626,889,327 10,461,542,646 9,626,889,327 10,454,183,578
Expenses
Cost of sales 9,615,921,827 9,919,757,550 9,615,921,827 9,919,757,550
Decrease of inventory to net realisable value 26,388,046 60,174,355 26,388,046 60,174,355
9,642,309,873 9,979,931,905 9,642,309,873 9,979,931,905
Selling and distribution expenses 182,265,700 196,062,971 182,265,700 196,062,971
Administrative expenses 155,651,910 164,583,196 155,651,910 164,498,967
Reversal of allowance for doubtful accounts (14,146,822) (5,975,089) (14,146,822) (5,975,089)
Losses from raw material purchase contracts (reversal) (208,565) 208,565 (208,565) 208,565
Losses on write-off of land improvement, building and equipment 117,813,626 27,592,056 117,813,626 27,592,056
Losses from impairment on fixed asset 417,551,561 - 417,551,561 -
Total expenses 10,501,237,283 10,362,403,604 10,501,237,283 10,362,319,375
Profit (loss) before share of loss from investment in associate,
finance cost and income tax expenses (874,347,956) 99,139,042 (874,347,956) 91,864,203
Share of loss from investment in associate 12 (32,047,847) (49,291,621) - -
Profit (loss) before finance cost and income tax expenses (906,395,803) 49,847,421 (874,347,956) 91,864,203
Finance cost (60,462,538) (78,300,133) (60,462,538) (78,298,171)
Profit (loss) before income tax expenses (966,858,341) (28,452,712) (934,810,494) 13,566,032
Income tax expenses 21 (30,824,416) (7,014,159) (30,824,416) (7,014,159)
Profit (loss) for the year (997,682,757) (35,466,871) (965,634,910) 6,551,873

The accompanying notes are an integral part of the financial statements.

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