Page 112 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

Tycoons Worldwide Group (Thailand) Public Company Limited and its subsidiary
Cash flow statement
For the year ended 31 December 2022
(Unit: Baht)
Consolidated financial statement Separate financial statements
2022 2021 2022 2021
Cash flows from operating activities
Profit before tax 209,720,472 384,874,418 211,725,845 70,581,690
Adjustments to reconcile profit before tax to
net cash provided by (paid from) operating activities:
Depreciation 241,136,656 262,410,217 240,654,363 262,345,039
Amortisation 12,077,545 12,869,551 12,077,545 12,869,551
Bad debt - 2,601,654 - 2,601,654
Reversal of allowance for expected credit losses (9,942,835) (18,018,541) (9,942,835) (18,018,541)
Decrease of inventory to net realisable value (reversal) 17,125,077 (36,144,900) 17,125,077 (36,144,900)

Losses from raw material purchase contracts (reversal) 3,571,362 (7,483,181) 3,571,362 (7,483,181)
Gains on disposal of equipment (59,996) (919,620) (59,996) (919,620)
Losses on write-off of building and equipment 4,353,817 9,099,707 4,353,817 9,099,707
Impairment loss on non-financial assets (reversal) (15,673,984) 227,636,626 (15,673,984) 227,636,626

Share of losses from investment in associate 975,137 87,873,410 - -
Provision for long-term employee benefits 7,741,562 3,410,734 7,741,562 3,410,734

Unrealised losses (gains) on fair value of derivatives 60,512,635 (10,356,882) 60,512,635 (10,356,882)

Unrealised losses (gains) on exchange (60,196,116) 12,237,549 (60,196,116) 12,237,549
Loss (gain) on reclassification of investment - (52,792,222) - 349,609,319

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 from operating activities before
changes in operating assets and liabilities 537,489,042 914,493,241 538,048,535 914,663,466
Operating assets (increase) decrease
Trade and other receivables 117,651,119 9,319,660 117,651,119 9,319,660
Inventories 681,890,370 (490,907,558) 681,890,370 (490,907,558)

Other current assets 22,754,292 40,727,857 22,760,412 40,727,979
Other non-current assets (12,683,045) (15,304,034) (12,683,045) (15,304,034)

Operating liabilities increase (decrease)

Trade and other payables (138,942,124) 21,606,670 (138,967,188) 21,728,670

Other current liabilities (303,750,215) (567,008,600) (303,750,215) (567,008,600)
Payment for long-term employee benefits (1,131,087) - (1,131,087) -
Cash flows from (used in) operating activities 903,278,352 (87,072,764) 903,818,901 (86,780,417)
Cash paid for corporate income tax (24,542,079) - (24,542,079) -

Net cash flows from (used in) operating activities 878,736,273 (87,072,764) 879,276,822 (86,780,417)
The accompanying notes are an integral part of the financial statements.

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