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EN_Tipco_Annual Report 2014

NOTES TO THE FINANCIAL STATEMENTS (CONSOLI-DATED AND SEPARATE FINANCIAL STATEMENTS) TIPCO FOODS PUBLIC COMPANY LIMITED 1. General Information 1.1. The Company was incorporated in Thailand on March 22, 1976, and has been listed in the Stock Exchange of Thailand since 1989. The Company and its subsidiaries are engaged in the manufacture and distribution of products of pineapple in syrup, pineapple juice, mixed fruit juice, and natural mineral water. 1.2. The address of the company and its subsidiaries are 118/1 Rama 6 Rd., Samsen Nai, Bangkok 10400 and the factories are as follows - 212 Phetkasem Rd., Moo 16, Aownoi, Amphur Muang, Prachaubkhirikhan 77210 - 504 Phetkasem Rd., Prachaubkhirikhan, Amphur Muang, Prachaubkhirikhan 77000 - 205/1 Moo 2, Pongyaeng, Amphur Mae-Rim, Chiang Mai 50180 - 90/1 Moo 7, Phaholyothin Rd., Sanubtueb, Amphur Wangnoi, Ayuthaya 13170 1.3. The major shareholders of the Company is Supsakorn family. 2. Basis for The Preparation and Presentation of The Financial Statements 2.1. The financial statements have been prepared in accordance with the Generally Accepted Accounting Principles, which are issued under the Accounting Professions Act B.E.2547, and have been presented under the Accounting Act B.E. 2543, and according to the requirements of the Securities and Exchange Commission, and the regulation of the Stock Exchange of Thailand. 2.2. The financial statements are presented for Thai currency reporting purposed and prepared in Thai language. This English translation of financial statements has been prepared for the convenience of the readers who were not conversant with Thai language. 2.3. Basis of preparation of the consolidated financial statements. The consolidated financial statements included the accounts of the company and the subsidiaries as follows : Paid – up share capital Name % of investments 50,000,000 600,000,000 50,000,000 1,000,000 50,000,000 600,000,000 50,000,000 1,000,000 99.9988 50.00 75.50 50 99.9988 50.00 75.50 50 Dec. 31, 2014 Dec. 31, 2014 Dec. 31, 2013 Dec. 31, 2013 SUBSIDIARIES Tipco Biotech Co., Ltd. Tipco F&B Co., Ltd. Tipco Retail Co., Ltd. INDIRECT SUBSIDIARIES TFB Distribution Co., Ltd. (indirect portion by Tipco F&B Co., Ltd.) PAGE 110/ 111


EN_Tipco_Annual Report 2014
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