Page 130 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

The components of deferred tax assets are as follows:
(Unit: Thousand Baht)
Statements of financial position

Consolidated/Financial statements in
which equity method is applied/
Separate financial statements
2021 2020
Deferred tax assets
Allowance for diminution in value of inventories 2,941 10,170
Provision for losses from raw material purchase

contracts 6 1,503
Provision for long-term employee benefits 8,765 8,083
Deferred tax liability
Gains on investment in equity designated at fair
value (1,555) (1,470)
Total 10,157 18,286

As at 31 December 2021, the Company has unused tax losses totaling Baht 40 million (2020: Baht
619 million), on which deferred tax assets have not been recognised as the Company believes future

taxable profits may not be sufficient to allow utilisation of the unused tax losses.

Details of expiry date of unused tax lossed are summarised as below:
(Unit: Million Baht)
Consolidated/Financial statements in
which equity method is applied/

Separate financial statements
2021 2020
31 December 2021 - 17
31 December 2023 - 118

31 December 2024 - 367
31 December 2025 40 117
40 619

117