Page 149 - TYCONS - ANNUAL REPORT 2022
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Tycoons Worldwide Group (Thailand) Plc.
(Unit: Thousand Baht)
Separate financial statement
As at 31 December 2021
On Less than 1 to 5
demand 1 year years > 5 years Total
Non-derivatives
Short-term loans from financial
institutions - 1,846,352 - - 1,846,352
Trade and other payables - 351,147 - - 351,147
Total non-derivatives - 2,197,499 - - 2,197,499
Derivatives
Derivative liabilities: net settled - 1,696 - - 1,696
Total - 1,696 - - 1,696
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 2022, the Group’s debt-to-equity ratio for the consolidated
financial statement was 0.39:1 (2021: 0.60:1) and the Company’s debt-to-equity ratio for the
separate financial statement was 0.39:1 (2021: 0.60:1).
30. Approval of financial statements
These financial statements were authorised for issue by the Company’ s authorised
directors on 23 February 2023.
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