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EN_Tipco_Annual Report 2014

Other income 2012 2013 2014 Exchange rate profit Recovery of doubtful debt Recovery of depreciation costs Profit from divestment Marketing costs Income from disposal of raw material & scraps Interest income Other income Total 43.6 0.5 - 0.6 144.9 6.0 0.1 49.6 245.3 - - 45.8 10.0 194.9 7.4 0.1 47.4 305.6 14.9 - - 4.8 272.2 5.7 0.1 42.3 340.0 PAGE 040 / 041 TIPCO FOODS PUBLIC COMPANY LIMITED tributed to continuing customer support, particularly in South Korea and the People’s Republic of China. AURA Mineral Water’s substantial sales growth is attributed to various factor. Installation of new machinery, which was completed in April 2014, doubled production capacity and enabled the company to increase output to meet growing market demand. Packing bottle and logo were also updated and a larger 330 ml. bottle launched to expand customer base. 2. TIPCO Retail Co., Ltd. Responding to the slowdown in sales revenues as political factors continued to restrain outdoor activities, Squeeze Juice Bar’s strategy was revised by re-modelling the old branch format with a view to stimulate sales growth, control cost, generate profit and enhance future expansion of new outlets. The company focused on new small-sized outlets that require minimal op-erating expenses, and launched new products targeting customers who are concerned with healthcare. 100% soy milk under the brand Happy Soya was launched with limited distribution outlet at TIPCO’s Squeeze Juice Bar. Exchange Rate Profit Other Income Analysis In 2014 exchange rate profit amounted to Baht 14.9 million, Realizing that vio-lent exchange rate fluctuations were triggered by breaking news of economic and political crises in various countries throughout the year, exchange rate management policy focused on close monitoring of major exchange rates and organizing short-term forward contracts to minimize risks. This policy yielded profit from exchange rate transactions. Transfer of Loss From Product Life Expiry Reserve allocation for product life expiry in accordance with the accounting criterion for remaining product life was transferred back as income because the company was able to dispose of these products in the recycle market. This item was not reported in 2014.


EN_Tipco_Annual Report 2014
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