TIPCO FOODS PUBLIC COMPANY LIMITED PAGE 138/ 139 21. Forward Exchange Contracts The Company and the subsidiary entered into the selling and buying forward exchange contract which are presented in the financial statements at fair value. Unrealized gain or loss from the forward contracts is recorded in profit or loss. The outstanding balance of forward exchange contracts are as follows : The exchange forward contract – Sold (USD) The exchange forward contract – Sold (EUR) The exchange forward contract – Bought (USD) The exchange forward contract – Bought (EUR) The call option contract (USD) The put option contract (USD) 2,421,059 0 430,371 0 0 0 5,025,012 0 284,916 988,260 2,000,000 1,000,000 2,369,687 0 0 0 0 0 4,547,593 0 0 988,260 0 1,000,000 Consolidated Financial Statements Separate Financial Statements Consist of 31 Dec 2014 31 Dec 2014 31 Dec 2013 31 Dec 2013 22. Equity 22.1. Legal Reserve Pursuant to the Public Limited Companies Act B.E. 2535 (1992), the Company must appropriate the annual net profit to be a reserve fund which not less than five percent of the annual net profit deducted by the total deficit brought forward (if any) until reserve reaches an amount of not less than ten percent of the registered capital. The legal reserve had been fully reserved as the Public Limited Companies Act B.E. 2535 (1992) mentioned. 22.2. Managing Capital The company and its subsidiaries have policy to manage the capital by maintain their ability to continue the business as a going concern and to maintain an appropriate capital structure by maintain debt to equity ratio as stipulated in loan facility agreements. Besides, the company has policy to pay out dividend not less than 1/3 of net profit of the Company’s separate financial statements. 22.3. Dividend Paid The shareholders’ meeting of a subsidiary company, held on February 27, 2014, approved to declare the dividend payment to shareholders on the profit of year 2013 in the amount of Baht 19.608 million, at Baht 0.3268 per share.
EN_Tipco_Annual Report 2014
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