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EN_Tipco_Annual Report 2014

Losses Due to Asset Depreciation Expenses Loss due to asset depreciation 22.6 0.9 - - 229.3 4.2 Report of Cash Flow Analysis Cash flow from operations Profit before tax Adjustment of profit before tax into net cash receipts from opera-tional activities Adjusted net flow of funds (in-crease) decrease Net cash balance arising from (used for) operational activities Net cash balance from investment activities Net cash balance from fund raising activities Exchange rate impact on cash & cash equivalent items Cash & cash equivalent items In-crease (Decrease) Carry-over of Cash & cash equiva-lent items Cash & cash equivalent carry forward 265.4 238.5 0.8 504.7 -272.8 -226.2 0.1 5.5 41.1 46.7 152.6 100.2 -100.6 152.2 -145.9 -16.1 0.1 -9.8 46.7 36.9 -15.1 309.8 202.3 497.0 -224.7 -267.5 -.0 4.7 36.9 41.7 PAGE 042 / 043 TIPCO FOODS PUBLIC COMPANY LIMITED Higher total sales and management costs in 2014 reflected higher costs of sales to promote new products launched by the ready-to-drink beverage group, namely TIPCO Profiber, and carry-over of the previous year’s mar-keting expenses for Oolong Tea Plus. Funds provided by Suntory Beverage & Foods Asia Co., Ltd. for the purpose of producing advert materials and sales promotion for products under Suntory brand names are recorded under Other Income. Residual increase in management expenses pertained to ad-justment of inventory holding product life to improve inventory management efficiency, resulting in higher reserve allocation for product life expiry. Losses due to asset depreciation in 2014 included a subsidiary company’s re-serve allocation of Baht 191million for machinery depreciation, in accordance with accounting principle. At present this machinery appears under the cat-egory of machinery parts which is deducted each year under depreciation costs. In addition the company also allocated Baht 38million as Depreciation Reserve for assets pending sales conclusion in Q1 2015. Expenses 2012 2012 Baht million Baht million Baht million % of sale revenue % of sale revenue % of sale revenue 2013 2013 2014 2014


EN_Tipco_Annual Report 2014
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