Page 125 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

15. Other non-current financial assets

(Unit: Thousand Baht)
Consolidated/Financial statement
in which equity method is applied/

Separated financial statements
2021 2020
Equity instruments designated at FVOCI

Non-listed equity instruments
Thai Union Fasteners Company Limited 67,777 67,350
TY Steel Company Limited 153,861 -
Total other non-current financial assets 221,638 67,350

Equity instruments designated at FVOCI include non-listed equity investments which the
Group considers these investments to be strategic in nature.

The Company changed the classification of investment in TY Steel Co., Ltd. from

“Investment in associate” to “Equity investments designated at fair value through other
comprehensive income” as described in Note 12 to the financial statements.

The Company has placed the shares of TY Steel Company Limited with banks as security
for a syndicated loan granted to this company by overseas banks.

16. Short-term loans from financial institutions
(Unit: Thousand Baht)
Consolidated/Financial
statements in which equity
Interest rate method is applied/
(%) Separate financial statements
2021 2020 2021 2020
Trust receipts 1.73 - 3.20 1.74 - 3.30 1,483,320 775,903
Promissory notes 1.73 - 2.75 1.74 - 2.85 349,768 190,000
Total short-term loans
from financial
institutions 1,833,088 965,903

Short-term loans from financial institutions are guaranteed by the Company’s director, the
ultimate parent company, pledged of fixed deposits as described in Note 10 to the financial
statements and mortgaged of most of its property, plant and machinery as described in Note

14 to the financial statements.

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