Page 139 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

28.3 Fair values of financial instruments

Since the majority of the Company’s financial instruments are short-term in nature or bear floating
interest rates, their fair value is not expected to be materially different from the amounts presented
in the statements of financial position.

29. Capital management
The primary objective of the Group’s capital management is to ensure that it has appropriate capital

structure in order to support its business and maximise shareholder value. As at 31 December 2021,
the Group’s debt-to-equity ratio for the consolidated financial statement was 0.60:1 (2020: financial
statement in which equity method is applied was 0.59:1) and the Company’s debt-to-equity ratio
for the separate financial statement was 0.60:1 (2020: 0.55:1).

30. Events after the reporting period

On 14 December 2021, the Company’s Board of Directors Meeting passed a resolution approving

the acquisition of shares for capital increase in TY Steel Company Limited, whereby TY Steel Co.,
Ltd. increased its share capital from Baht 947,500,000 (94,750,000 ordinary shares with a par value
of Baht 10 per share) to be Baht 1,947,500,000 (194,750,000 ordinary shares with a par value of
Baht 10 per share) through issuance of new ordinary shares of Baht 1,000,000,000 (100,000,000
ordinary shares with a par value of Baht 10 per share). The Company purchased 19,270,000

ordinary shares of the additionally issued ordinary shares and made full payment amounting to
Baht 193 million. As a result, the share capital increase had no effect to the Company’s existing
shareholding.

TY Steel Co., Ltd. registered the share capital increase with the Ministry of Commerce on 5 January
2022

31. Approval of financial statements

These financial statements were authorised for issue by the Company’s authorised directors on 28
February 2022.

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