OPERATING SEGMENT. Segment information is presented in respect of the business segments. The primary format in segment information report is based on the management and internal reporting structure. The Company comprises the following main business segments: Segment 1 Fire Protection Products and Project Segment 2 Sanitary and Air-Conditioning System Segment 3 Refrigeration System Segment 4 Digital Printing System Segment 5 Building-IoT Solutions Operating segment by business in the consolidated statement of comprehensive income for the three-month and six-month periods ended June 30, 2021 and 2020 were as follows: Thousand Baht Profit from operation 23,885 33,757 Finance cost (634) (39) Income tax expense (4,735) (6,764) Profit for the periods 18,516 26,954 Other comprehensive income (expense) 154 (292) Total comprehensive income for the periods 18,670 26,662 Consolidated financial statements For the three-month period ended June 30, 2021 For the three-month period ended June 30, 2020 Segment 1 Segment 2 Segment 3 Segment 4 Segment 5 Total Segment 1 Segment 2 Segment 3 Segment 4 Total Revenue from sale of goods Revenue from rendering of 83,066 12,954 44,939 88,632 - 229,591 111,907 14,519 53,351 74,163 253,940 services 18,930 - - 10,256 962 30,148 28,445 - - 10,210 38,655 Cost of sale of goods (58,671) (8,748) (30,916) (53,843) - (152,178) (79,792) (9,931) (36,531) (41,898) (168,152) Cost of rendering of services (16,138) - - (9,075) (829) (26,042) (25,100) - - (8,550) (33,650) Gross profit 27,187 4,206 14,023 35,970 133 81,519 35,460 4,588 16,820 33,925 90,793 Other income 2,974 4,070 Distribution cost (28,359) (26,589) Administrative expenses (32,249) (34,517) Thousand Baht Consolidated financial statements For the six-month period ended June 30, 2021 For the six-month period ended June 30, 2020 Segment 1 Segment 2 Segment 3 Segment 4 Segment 5 Total Segment 1 Segment 2 Segment 3 Segment 4 Total Revenue from sale of goods Revenue from rendering of 182,707 23,680 95,630 161,201 - 463,218 240,660 30,570 109,623 148,612 529,465 services 39,185 - - 20,435 2,284 61,904 46,804 - - 20,618 67,422 Cost of sale of goods (126,544) (16,230) (66,508) (96,178) - (305,460) (170,264) (20,710) (73,404) (82,621) (346,999) Cost of rendering of services (33,403) - - (17,867) (1,907) (53,177) (42,683) - - (16,489) (59,172) Gross profit 61,945 7,450 29,122 67,591 377 166,485 74,517 9,860 36,219 70,120 190,716 Other income 6,870 10,443 Distribution cost (54,959) (55,667) Administrative expenses...
OPERATING SEGMENT. The Company and its subsidiaries operate in 2 main reports by products operating segments in a main geographical area in Thailand as follows: Type of operating segment Nature of operating segment - Human healthcare Healthcare product, anti-aging and human beauty product such as medical supplies, nutrition therapy, cosmetics, supplementary food, probiotic and prebiotic product, health food product, general food product, and medical equipment, etc. - Animal healthcare Pet healthcare and livestock product such as medical supplies, nutrition therapy, vaccine, supplementary food, probiotic & prebiotic product, animal health food product, premium grade animal food, general formula animal food, and medical equipment related to pet and livestock care product, etc. The operating segment’s performance is regularly reviewed by the chief operating decision maker who is the Executive Directors in order to make decisions about the allocation of resources to the segment and assess its performance. The Company and its subsidiaries assess the performance of the operating segment by using the operating profit or loss as the same basis to assess operating profit or loss in the financial statements. Details of financial information by segment operations for the three-month and nine-month periods ended September 30, 2020 and 2019 were as follows: Thousand Baht Consolidated financial statements For the three-month periods ended September 30, Human healthcare Animal healthcare Total 2020 2019 2020 2019 2020 2019 Revenue from sales 58,729 55,013 50,239 36,929 108,968 91,942 Cost of sales (13,051) (19,123) (30,452) (18,759) (43,503) (37,882) Gross profit 45,678 35,890 19,787 18,170 65,465 54,060 Distribution costs (28,218) (23,933) Administrative expenses (13,429) (11,330) Profit from operation 23,818 18,797 Other income 1,610 633 Finance cost (157) (227) Share of loss of associate (57) (54) Income tax expenses (4,804) (4,197) Profit for the period 20,410 14,952 Thousand Baht Consolidated financial statements For the nine-month periods ended September 30, Human healthcare Animal healthcare Total 2020 2019 2020 2019 2020 2019 Revenue from sales 168,622 172,128 138,126 102,399 306,748 274,527 Cost of sales (42,533) (66,029) (76,853) (51,574) (119,386) (117,603) Gross profit 126,089 106,099 61,273 50,825 187,362 156,924 Distribution costs (83,849) (82,716) Administrative expenses (39,128) (35,206) Profit from operation 64,385 39,002 Other income 4,037 3,776 Finance cost (599) (453) S...
OPERATING SEGMENT. The Company operates in a single line of business, namely the Shrink Films or Sleeve Labels business, which major products seperated to shrink-fitting labels and molds for printing labels which are related to the production of shrink-fitting labels. Their operations are carried on only in Thailand. Both products have similar group of customers therefore, the management considers that the Company operates in one major business segment. The operating segment’s performance is regularly reviewed by the chief operating decision maker who is the Executive Directors in order to make decisions about the allocation of resources to the segment and assess its performance. The Company assesses the performance of the operating segment by using the operating profit or loss as the same basis to assess operating profit or loss in the financial statements. Information about geographical areas The Company’s revenue from sales separated by geographical area for the three-month period ended March 31, 2024 and 2023, were summarized as follows: Thousand Baht 2024 2023 Domestic 240,062 232,457 Export - - Total 240,062 232,457 18. TAX EXPENSE Major components of tax expense for the three-month period ended March 31, 2024 and 2023 consisted of: Thousand Baht 2024 2023 Tax expense shown in profit or loss: Current tax expense: Tax expense for the period 1,288 - Deferred tax expense : Changes in temporary differences relating to the original recognition and reversal 310 777 Total 1,598 777 Tax expense is recognised based on management’s best estimate of the weighted average annual income tax rate expected for the full financial year applied to the pre-tax income of the interim period. The effective tax rate of the Company in respect of continuing operations three-month periods ended March 31, 2024 were 19.78% (March 31, 2023 : 18.92%). These changes in effective tax rate were caused by the different treatment for accounting and taxation purposes of certain items of expense and the carry forward of unused tax losses in the financial statements.
OPERATING SEGMENT. The Company operates in a single line of business, namely the Shrink Films or Sleeve Labels business, which major products seperated to shrink-fitting labels and molds for printing labels which are related to the production of shrink-fitting labels. Their operations are carried on only in Thailand. Both products have similar group of customers therefore, the management considers that the Company operates in one major business segment. The operating segment’s performance is regularly reviewed by the chief operating decision maker who is the Executive Directors in order to make decisions about the allocation of resources to the segment and assess its performance. The Company assesses the performance of the operating segment by using the operating profit or loss as the same basis to assess operating profit or loss in the financial statements. Information about geographical areas The Company’s revenue from sales separated by geographical area for the years ended December 31, 2023 and 2022, were summarized as follows: Baht 2023 2022 Domestic 919,774,045.12 859,242,198.48 Export 223,035.98 97,719.13 Total 919,997,081.10 859,339,917.61 Information about major customers The Company’s revenue from sales from their major customers which more than 10% of total revenue from sales for the years ended December 31, 2023 and 2022, were summarized as follows: Number of customers Baht Major customer 2023 2022 2023 2022 Domestic customer 2 1 249,415,918.46 139,793,709.90
OPERATING SEGMENT. The Company and its subsidiaries operate in 2 main reportable operating segments in one geographical area, Thailand as follows : Type of operating segment Nature of operating segment Hospital General Hospital, Hospital in Social Security and the National Health Security Office systems Others Rental and Hotel services The operating segment’s performance is regularly reviewed by the chief operating decision maker who is the Executive Directors in order to make decisions about the allocation of resources to the segment and assess its performance. The Company and its subsidiaries assess the performance of the operating segment by using the operating profit or loss as the basis consistent with that used to assess operating profit or loss in the financial statements. Operating segment information for the years ended December 31, 2020 and 2019 were as follows : Baht Consolidated financial statements Hospital Others Total 2020 2019 2020 2019 2020 2019 Revenue from services 5,909,504,131 6,450,680,338 114,944,776 95,213,190 6,024,448,907 6,545,893,528 Cost of services (4,406,035,846) (4,678,123,924) (79,845,496) (100,459,102) (4,485,881,342) (4,778,583,026) Gross profit 1,503,468,285 1,772,556,414 35,099,280 (5,245,912) 1,538,567,565 1,767,310,502 Unallocated other income (other Dividend income expenses) 192,089,968 210,425,919 Gain on sale of investment - 180,526 Other income 121,711,160 116,161,383 Administrative expenses (925,035,511) (953,466,030) Finance cost (202,720,725) (201,101,377) Share of profit of associates (62,354,689) 259,733,939 Income tax expenses (123,738,982) (206,445,299) Profit for the year 538,518,786 992,799,563
OPERATING SEGMENT. The Company operates its main business in reportable operating segments according to the type of products and services provided with the main geographical area in Thailand as follows: Type of operating segments Type of products and services of segment - Sales including installment segment (main segment) Computer network systems, fully integrated of communication system, wireless communication system, network security system, data centre solution and management system and network system management including to provide maintenance services related to such systems - Other segments System development installation including related services and other services The operating segment’s performance is regularly reviewed by the chief operating decision maker who is the Executive Directors in order to make decisions about the allocation of resources to the segment and assess its performance. The Company assesses the performance of the operating segment by using the operating profit or loss as the basis consistent with that used to assess operating profit or loss in the financial statements. Details of financial information classified by operating segments for the years ended December 31, 2020 and 2019 were as follows: THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO THE FINANCIAL STATEMENTS (CONT.) DECEMBER 31, 2020 Million Baht Consolidated statement of comprehensive income (partial) For the year ended December 31, Sales including instalment Maintenance services Others Total 2020 2019 2020 2019 2020 2019 2020 2019 Revenues from sales and services 544.07 461.15 171.79 160.25 17.53 18.14 733.39 639.54 Cost of sales and services (411.72) (346.85) (97.58) (85.36) (8.14) (9.14) (517.44) (441.35) Gross profit 132.35 114.30 74.21 74.89 9.39 9.00 215.95 198.19 Interest income 3.00 1.99 Other income 1.55 0.73 Selling expense (35.27) (34.26) Administration expense (115.48) (104.10) Other expense - (0.44) Finance cost (1.01) (0.48) Income tax expense (14.87) (12.71) Profit for the period 53.87 48.92 Million Baht Separate statement of comprehensive income (partial) For the year ended December 31, Sales including instalment Maintenance services Others Total 2020 2019 2020 2019 2020 2019 2020 2019 Revenues from sales and services 544.07 461.15 171.79 160.25 17.53 18.14 733.39 639.54 Cost of sales and services (411.72) (346.85) (97.58) (85.36) (8.14) (9.14) (517.44) (441.35) Gross profit 132.35 114.30 74.21 74.89 9.39 9.00 215.95 198.19 Interest income 3...
OPERATING SEGMENT. Segment information is presented in respect of the business segments. The primary format in segment information report is based on the management and internal reporting structure. The Company and its subsidiary comprises the following main business segments: Segment 1 Fire Protection Products and Project Segment 2 Sanitary and Air–Conditioning System Segment 3 Refrigeration System Segment 4 Digital Printing System Operating segment by business in the consolidated statement of comprehensive income for the ended December 31, 2019 were as follows: Thousand Baht Consolidated financial statements 2019 Segment ı Segment 2 Segment s Segment 4 Total Revenue from sale of goods 547,642 81,097 262,005 345,299 1,236,043 Revenue from rendering of services 96,479 – – 34,361 130,840 Cost of sale of goods (398,254) (58,695) (174,115) (196,846) (827,910) Cost of rendering of services (88,807) – – (31,976) (120,783) Gross profit 157,060 22,402 87,890 150,838 418,190 Other income 27,091 Selling expenses (117,556) Administrative expenses Finance cost (140,780) – Profit before income tax expense 186,945 Income tax expense (37,326) Profit for the periods 149,619 Other comprehensive income (expense) (1,642) Total comprehensive income for the years 147,977 Operating segment by business in the statement of comprehensive income for the years ended December 31, 2019 and 2018 were as follows: Thousand Baht Separate financial statements 2oıa 2oı8 Profit before income tax expense 187,917 167,506 Income tax expense (37,326) (33,148) Profit for the years 150,591 134,358 Other comprehensive income (expense) (1,589) – Total comprehensive income for the years 149,002 134,358 Segment ı Segment 2 Segment s Segment 4 Total Segment ı Segment 2 Segment s Segment 4 Total Revenue from sale of goods 547,642 81,097 262,005 348,002 1,238,746 455,822 89,327 320,394 333,420 1,198,963 Revenue from rendering of services 96,479 – – 34,361 130,840 113,762 – – 31,540 145,302 Cost of sale of goods (398,254) (58,695) (174,115) (199,053) (830,117) (321,577) (66,951) (220,849) (193,132) (802,509) Cost of rendering of services (88,807) – – (31,976) (120,783) (98,996) – – (29,722) (128,718) Gross profit 157,060, 22,402 87,890 151,334 418,686 149,011 22,376 99,545 142,106 413,038 Other income 27,089 11,749 Selling expenses (117,457) (119,078) Administrative expenses Finance cost (140,401) – (138,203) – Operating segment by business in the statement of financial position as at December 31, 2019 and 2018 were as fol...
OPERATING SEGMENT. The Company is engaged in one operating segment, being acquiring, leasing and subsequent selling of Aircraft. The geographical location of the Assets of the Group is Ireland, where the Assets are registered. The income arising from the lease of the Assets originates from two lessees, one in Norway one in Thailand.
OPERATING SEGMENT. Operating segment information is reported in a manner consistent with the internal reports that are regularly reviewed by the chief operating decision maker in order to make decisions about the allocation of resources to the segment and assess its performance. For management purposes, the Company and its subsidiaries are organized into business units based on its products and services and have three reportable segments as follows: • Publishing and advertising segment • Production of television programs segment • Other segments The chief operating decision maker monitors the operating results of the business units separately for the purpose of making decisions about resource allocation and assessing performance. Segment performance is measured based on operating profit or loss and total assets and on a basis consistent with that used to measure operating profit or loss and total assets in the financial statements. The basis of accounting for any transactions between reportable segments is consistent with that for third party transactions. The following tables present revenue and profit information regarding the Company and its subsidiaries’ operating segments for the three-month periods ended March 31, 2021 and 2020, respectively. Thousand Baht Publishing and advertising segment Production of television programs Other segments Total segments eliminations of inter-segment Consolidated Financial statements segment 0000 0000 0000 2020 2021 2020 0000 0000 0000 2020 2021 2020 Revenue Revenue from external customers 48,637 78,760 14,891 10,190 25,326 20,780 88,854 109,730 - - 88,854 109,730 Inter-segment revenue 1,318 716 - - - - 1,318 716 (1,318) (716) - - Segment profit (loss) (28,006) (33,695) 3,404 (5,787) 1,180 (1,918) (23,422) (41,400) 450 1,933 (22,972) (39,467) 27. COMMITMENTS AND CONTINGENT LIABILITIES As at March 31, 2021, the Company and its subsidiaries had commitments and contingent liabilities as follows:
OPERATING SEGMENT. Segment information is presented in respect of the business segments. The primary format in segment information report is based on the management and internal reporting structure. The Company comprises the following main business segments: Segment 1 Fire Protection Products and Project Segment 2 Sanitary and Air-Conditioning System Segment 3 Refrigeration System Segment 4 Digital Printing System Operating segment by business in the statement of comprehensive income for the years ended December 31, 2018 and 2017 were as follows: Baht 2018 2017 Segment 1 Segment 2 Segment 3 Segment 4 Total Segment 1 Segment 2 Segment 3 Segment 4 Total Revenue from sale of goods 455,822,992 89,327,713 320,393,769 333,419,406 1,198,963,880 482,078,671 86,175,228 312,505,656 281,031,062 1,161,790,617 Revenue from rendering of services 113,762,085 - - 31,540,724 145,302,809 97,465,789 - - 26,708,105 124,173,894 Cost of sale of goods (321,576,984) (66,951,338) (220,848,813) (193,131,822) (802,508,957) (352,168,434) (63,920,498) (216,282,256) (156,017,348) (788,388,536) Cost of rendering of services (98,996,395) - - (29,722,422) (128,718,817) (84,366,682) - - (24,791,098) (109,157,780) Gross profit 149,011,698 22,376,375 99,544,956 142,105,886 413,038,915 143,009,344 22,254,730 96,223,400 126,930,721 388,418,195 Other income 11,749,984 14,736,394 Selling expenses (118,974,255) (105,189,730) Administrative expenses (138,307,328) (136,830,200) Finance cost (341) (239) Profit before income tax expense 167,506,975 161,134,420 Income tax expense (33,148,221) (31,455,326) Profit for the years 134,358,754 129,679,094 Other comprehensive income (expense) - (36,937) Total comprehensive income for the years 134,358,754 129,642,157 Operating segment by business in the statement of financial position as at December 31, 2018 and 2017 were as follows: Assets for reportable segments Baht 2018 2017 Segment 1 Segment 2 Segment 3 Segment 4 Total Segment 1 Segment 2 Segment 3 Segment 4 Total Trade receivables 117,937,369 21,920,000 64,914,818 58,336,509 263,108,696 118,277,781 19,084,979 70,716,894 54,807,487 262,887,141 Inventories 150,572,953 11,878,951 72,802,342 69,185,058 304,439,304 136,777,641 9,087,611 87,324,064 58,076,767 291,266,083 Customer relationship - - 52,858,177 20,322,731 73,180,908 - - 63,624,490 24,457,512 88,082,002 Goodwill - - 200,066,500 134,605,561 334,672,061 - - 200,066,500 134,605,561 334,672,061 Assets under common use - Investment property - - - - 231,818,176 - - - - -...
