Page 128 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

11. Investment in subsidiary

Details of investment in subsidiary as presented in separate financial statements are as
follows:

(Unit: Thousand Baht)
Carrying amount based on
Company’s name Paid-up capital Shareholding percentage cost method
2022 2021 2022 2021 2022 2021
(Percent) (Percent)
K D B Company Limited 159,636 159,636 44.99 44.99 124,146 124,146
Since the Company and the Company’s directors are major shareholders and have the

ability to direct significant activities, such company is deemed to be a subsidiary of the
Company and has to be included in the consolidated financial statements from the date
on which the Company assumed control.

12. Investment in associate

12.1 Details of an associate:
(Unit: Thousand Baht)
Consolidated financial statements
Carrying amounts
Country of Shareholding based on equity
Company’s name Nature of business incorporation percentage Cost method
2022 2021 2022 2021 2022 2021
(%) (%)
Fastbolt International Pte. Ltd. Holding Company Singapore 49 - 167,901 - 166,853 -
Total 167,901 - 166,853 -

(Unit: Thousand Baht)
Separate financial statements
Allowance for Carrying amounts
Nature of Country of Shareholding impairment of based on cost method
Company’s name business incorporation percentage Cost investments - net
2022 2021 2022 2021 2022 2021 2022 2021
(%) (%)
Fastbolt International Holding Singapore 49 - 167,901 - - - 167,901 -
Pte. Ltd. Company
Total 167,901 - - - 167,901 -

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