Page 119 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

9. Inventories
(Unit: Thousand Baht)

Consolidated/
Financial statement in which equity method is applied/Separate financial
statements
Reduce cost to

Cost net realisable value Inventories - net
2021 2020 2021 2020 2021 2020
Raw materials 1,098,325 986,541 (2,702) (17) 1,095,623 986,524

Work in process 312,478 172,555 (4,147) (22,657) 308,331 149,898
Finished goods 743,522 538,264 (7,662) (26,650) 735,860 511,614
Spare parts,
factory supplies
and scrap 349,003 329,084 (40) (1,526) 348,963 327,558

Goods in transit 199,777 185,753 (154) - 199,623 185,753
Total 2,703,105 2,212,197 (14,705) (50,850) 2,688,400 2,161,347

During the current year, the Company reduced cost of inventories by Baht 14 million (2020: Baht
38 million), to reflect the net realisable value. This was included in cost of sales. In addition, the
Company reversed the write-down of cost of inventories by Baht 50 million (2020: Baht 78

million), and reduced the amount of inventories recognised as expenses during the year because
the Company sold high-cost products, and there was a tendency for steel prices to increase.
10. Restricted bank deposits

These represent fixed deposits pledged with the banks to secure credit facilities that carried interests

between 0.15 and 0.50 percent per annum (2020: between 0.15 and 0.70 percent per annum).
11. Investment in subsidiary

Details of investment in subsidiary as presented in separate financial statements are as follows:
(Unit: Thousand Baht)
Carrying amount based on
Company’s name Paid-up capital Shareholding percentage cost method
2021 2020 2021 2020 2021 2020
(Percent) (Percent)
K D B Company Limited 159,636 - 44.99 - 124,146 -

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