Page 129 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

The amounts of income tax relating to each component of other comprehensive income for the
years ended 31 December 2021 and 2020 are as follows:

(Unit: Thousand Baht)
Consolidated/Financial statements in
which equity method is applied/
Separate financial statements
2021 2020
Deferred tax relating to
Gains on investment in equity designated at fair
value 85 173

The reconciliation between accounting profit (loss) and income tax expenses is shown below.
(Unit: Thousand Baht)

Consolidated/Financial
statements in which equity Separate
method is applied financial statements
2021 2020 2021 2020
Accounting profit (loss) before tax 384,874 (315,200) 70,582 (352,880)
Applicable tax rate 20% 20% 20% 20%
Accounting profit (loss) before tax multiplied
by income tax rate 76,975 (63,040) 14,116 (70,576)
Temporary differences of unrecognised tax
losses that is used to reduce current tax
expense (115,829) (13,790) (115,829) (13,790)
Effects of:
Non-deductible expenses 29,392 7,675 109,873 66,742
Additional expense deductions allowed (117) (14) (117) (14)
Unused tax loss - 23,487 - 23,487
Effect of consolidated financial statements 17,575 51,531 - -
Others 47 - - -
Total 46,897 82,679 109,756 90,215
Income tax expenses reported in the statement
of comprehensive income 8,043 5,849 8,043 5,849

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