Page 105 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

Tycoons Worldwide Group (Thailand) Public Company Limited and its subsidiary
Statement of comprehensive income
For the year ended 31 December 2022
(Unit: Baht)
Consolidated financial statement Separate financial statements
Note 2022 2021 2022 2021
Revenues

Sales 9,364,383,972 9,060,385,413 9,364,383,972 9,060,385,413
Other income 56,277,225 32,722,839 56,277,225 32,710,629

Total revenues 9,420,661,197 9,093,108,252 9,420,661,197 9,093,096,042
Expenses
Cost of sales 8,737,241,864 7,997,471,896 8,737,241,864 7,997,471,896
Reversal of inventory to net realisable value 9 17,125,077 (36,144,900) 17,125,077 (36,144,900)

8,754,366,941 7,961,326,996 8,754,366,941 7,961,326,996

Selling and distribution expenses 204,950,205 210,615,808 204,950,205 210,615,808

Administrative expenses 198,031,808 169,354,106 196,990,022 169,106,493

Reversal of allowance for expected credit losses (9,942,835) (18,018,541) (9,942,835) (18,018,541)

Losses from raw material purchase contracts (reversal) 3,571,362 (7,483,181) 3,571,362 (7,483,181)

Impairment loss on non-financial assets (reversal) (15,673,984) 227,636,626 (15,673,984) 227,636,626
Losses on exchange 8,514,381 92,526,111 8,514,381 92,526,111
Loss (gain) on change in classification on investment - (52,792,222) - 349,609,319

Total expenses 9,143,817,878 8,583,165,703 9,142,776,092 8,985,319,631

Operating profit 276,843,319 509,942,549 277,885,105 107,776,411

Share of loss from investment in associate 12 (975,137) (87,873,410) - -

Finance income 624,783 536,926 613,233 536,926

Finance cost (66,772,493) (37,731,647) (66,772,493) (37,731,647)

Profit before Income tax expenses 209,720,472 384,874,418 211,725,845 70,581,690
Income tax expenses 22 (48,112,867) (8,043,469) (48,112,867) (8,043,469)
Profit for the year 161,607,605 376,830,949 163,612,978 62,538,221
The accompanying notes are an integral part of the financial statements.

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