Page 132 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

Below is the financial information for the years ended 2021 and 2020 by segment.
(Unit: Million Baht)
Manufacture
steel wire rods
Manufacture
and reinforced steel annealing Manufacture
concrete bar wire screw and bolt Trading Total
2021 2020 2021 2020 2021 2020 2021 2020 2021 2020
Revenues
Domestic sales 4,826 3,804 388 126 85 18 97 481 5,369 4,429
Export sales 247 11 1,192 450 1,440 986 785 111 3,664 1,558
Total revenues 5,073 3,815 1,580 576 1,525 1,004 882 592 9,060 5,987
Results
Segment profit (loss) 510 134 153 16 90 (173) (6) (19) 747 (42)
Unallocated profit and expenses:
Gains (losses) on exchange (93) 25
Finance income 1 1
Other income 33 22
Losses on write-off of building and equipment (9) (2)
Losses from impairment of equipment (228) -
Reversal (Losses) from raw material purchase contracts 7 (8)
Share of loss from investment in associate (88) (258)
Gain on reclassification on investment 53 -
Finance cost (38) (53)
Profit (loss) before income tax expenses 385 (315)
Income tax expenses (8) (6)
Profit (loss) for the year 377 (321)

Major customers

For the year 2021, the Company has revenue from one major customers in amount of Baht 1,186
million, arising from sales by the manufacture steel wire rods and reinforced concrete bar,
manufacture steel annealing wire and trading segment (2020: the Company has revenue from one
major customers in amount of Baht 626 million, arising from sales by the manufacture steel wire

rods and reinforced concrete bar and trading segment).

25. Provident fund
The Company and its employees have jointly established a provident fund in accordance with the
Provident Fund Act B.E. 2530. Both the Company and employees contributed to the fund monthly
at the rate of 5 and 3 percent of basic salary respectively. The fund, which is managed by Kasikorn

Asset Management Co., Ltd., will be paid to employees upon termination in accordance with the
fund rules. The contributions for the year 2021 amounting to approximately Baht 4 million (2020:
Baht 4 million) were recognised as expenses.

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