Page 95 - Annual report eng 2019
P. 95

Tycoons Worldwide Group (Thailand) Plc.


              13.  Other investment

                     Other investment is consisting of this following item.
                                                                                    (Unit: Thousand Baht)
                                                               Financial statement in which equity method is

                                                                  applied/Separate financial statements
                                                                   Shareholding
                                 Company Name                       percentage           Cost method
                                                                 2019       2018       2019      2018
                                                                  %           %
                   Thai Union Fasteners Company Limited             8.70           -   60,000          -


                   The Company acquired the investment from its director which was approved by board of directors no.

                   6/2019 dated 16 October 2019.
              14.  Property, plant and equipment

                                                                                                 (Unit: Thousand Baht)
                                            Financial statement in which equity method is applied/Separate financial statements
                                                Building and                    Furniture and   Assets under
                                    Land and land   attached   Machinery and      office   installation and
                                    improvement   facilities   equipment   Motor vehicles   equipment   construction   Total
              Cost
              1 January 2018           597,481   1,819,756   5,660,475   297,578   65,638     10,270   8,451,198
              Additions                 1,951       890      22,518      6,243      1,888    175,048    208,538
              Disposals/write-off      (42,966)     (767)   (185,335)   (2,892)     (631)        -      (232,591)
              Transfers in (out)           -          -      25,605         -          -      (25,605)      -
              31 December 2018         556,466   1,819,879   5,523,263   300,929   66,895    159,713   8,427,145
              Additions                    -       7,363     21,280      3,098      5,147     76,448    113,336
              Disposals/write-off       (9,431)   (29,696)   (220,313)   (9,082)    (3,401)       -     (271,923)
              Transfers in (out)        1,624      2,058     16,932         -          -     (20,614)       -
              31 December 2019         548,659   1,799,604   5,341,162   294,945   68,641     215,547   8,268,558
              Accumulated depreciation
              1 January 2018            78,407   1,063,020   2,764,739   276,391   58,975        -     4,241,532
              Depreciation for the year   5,266   60,754     251,430    10,048      4,478        -      331,976
              Depreciation on disposals/write-off   (157)   (363)   (102,396)   (2,892)   (1,993)   -   (107,801)
              31 December 2018          83,516   1,123,411   2,913,773   283,547   61,460        -     4,465,707
              Depreciation for the year   5,530    61,262    231,609     7,435      3,520         -      309,356
              Depreciation on disposals/write-off   (3,280)   (27,498)   (111,546)   (8,385)   (3,401)   -   (154,110)
              31 December 2019          85,766   1,157,175   3,033,836   282,597   61,579         -     4,620,953
              Allowance for impairment loss
              31 December 2018             -          -          -          -          -          -         -
              Increase during the year     -       55,690    361,862        -          -          -      417,552
              31 December 2019             -       55,690    361,862        -          -          -      417,552
              Net book value
              31 December 2018         472,950    696,468   2,609,490   17,382      5,435    159,713   3,961,438
              31 December 2019         462,893    586,739   1,945,464   12,348      7,062    215,547   3,230,053
              Depreciation for the year
              2018 (Baht 315 million included in manufacturing cost, and the balance in selling and administrative expenses)   331,976
              2019 (Baht 292 million included in manufacturing cost, and the balance in selling and administrative expenses)   309,356
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