Page 133 - Microsoft Word - One-Report-Eng 2024 Final.docx

Tycoons Worldwide Group (Thailand) Plc.

11. Other non-current financial assets

(Unit: Thousand Baht)

Consolidated/Separate
financial statements
2024 2023

Equity instruments designated at FVOCI
Non-listed equity instruments
Thai Union Fasteners Company Limited 66,504 66,680

TY Steel Company Limited - 266,944
Total 66,504 333,624

Equity instruments designated at FVOCI include non-listed equity investments which the
Group considers these investments to be strategic in nature.
During the current year, TY Steel Company Limited has faced financial and liquidity issues,
which indicate material uncertainty related to going concern. Consequently, the Company has
assessed and concluded that the fair value of the said equity instruments is equal to zero.

12. Investment in associate

12.1 Details of investment in associate

(Unit: Thousand Baht)
Consolidated Separate
financial statements financial statements
Carrying amounts Carrying amounts
Country of Shareholding based on equity based on cost
Company’s name Nature of business incorporation percentage Cost method method - net
2024 2023 2024 2023 2024 2023 2024 2023
(%) (%)
Fastbolt International Investment in Singapore 47.47 47.47 167,901 167,901 297,327 309,559 167,901 167,901
Pte. Ltd. other companies
Total 167,901 167,901 297,327 309,559 167,901 167,901

12.2 Share of comprehensive income

During the years, the Company has recognised its share of profit or loss and share of other
comprehensive income from investment in associate in the consolidated financial statements

as follows.
(Unit: Thousand Baht)
Consolidated financial statements
Share of other

Company’s name Share of profit comprehensive income
2024 2023 2024 2023
Fastbolt International Pte. Ltd. 12,728 139,554 (22,542) 9,437

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