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EN_Tipco_Annual Report 2014

ANNUAL REPORT 2014 Deferred tax asset is recognized to the extent that it is probable that future taxable profits will be available against which the temporary differences can be utilised. Deferred tax assets are reviewed at each reporting date and reduced to the extent that it is no longer probable that the related tax benefit will be realised. 3.15. Translation of Foreign Currency Transactions Foreign currency transactions are translated into Thai Baht at the exchange rate on the transaction date. The remaining balances of assets and liabilities denominated in foreign currency at the end of reporting periods are translated into Thai Baht at the exchange rate of that date. Exchange differences are accounted for as profit or loss in the statements of income. The foreign investment was translated at the historical rate. Equity in profit (loss) of foreign subsidiary company was translated at the average exchange rate for the periods of 12 months. 3.16. Basic Earnings Per Share Basic earnings per share are computed by dividing the profit (loss) for the years attributable to equity holders of the parent by the number of weighted average ordinary shares which are issued during of the years (482,579,640 shares). 4. Related Party Transactions 4.1. The Relationship of Person or Related Parties Person or Related Parties The Relationship Tipco F&B Co., Ltd. Tipco Biotech Co., Ltd. Tipco Marketing Co., Ltd. Tipco Beverage Co., Ltd. Tipco Retail Co., Ltd. Suntory Beverage & Food Asia PTE LTD. In Singapore Tipco Asphalt PCL. Thanomwongse Service Co., Ltd. Ruamsapsin Co., Ltd. Raycol Asphalt Co., Ltd. Thai Slurry Seal Co., Ltd. Ekachaicontainer Terminal Co., Ltd. Thai Crushing Co., Ltd. Holding and co-directors Holding and co-directors Holding and co-directors Holding and co-directors Holding and co-directors Holding and co-directors Holding and co-directors Co-directors Co-directors Indirect portion Holding by associates’ directors Co-directors Co-directors


EN_Tipco_Annual Report 2014
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