Page 236 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Tata Steel (Thailand) Public Company Limited
Notes to the Consolidated and Separate Financial Statements
Tata Steel (Thailand) Public Company Limited
Notes to the Consolidated and Separate Financial Statements
For the year ended 31 March 2025
For the year ended 31 March 2025
The tax on the Group’s profit before tax differs from the theoretical amount that would arise using the basic weighted average tax rate applicable to profit of the home country of the Company as follow:
Consolidated financial statements
Separate financial statements
Profit before tax
Tax calculated at a tax rate of 20% (2024 : 20%) Tax effect of:
- Temporary differences which were not recognised as deferred tax assets
- Expenses not deductible for tax purpose
- Double tax expenses deductible
- Utilisation of tax loss carried forward which
was not recognised as deferred tax asset - Income tax of previous year
Tax charge
2025 Thousand Baht
417,221 83,444
(14,198) 472 (344)
- 14,738
84,112
2024 Thousand Baht
92,829 18,566
(4,186) 11,461 (312)
(30,495) 1,494
(3,472)
2025 Thousand Baht
24,940 4,988
- 109 (17)
- 132
5,212
2024 Thousand Baht
17,824 3,565
- 1,154 (35)
- 1,494
6,178
The Group’s and the Company’s weighted average applicable tax rate were 20.16% and 20.90%, respectively (2024 : (3.74)% and 34.66%, respectively). The effective tax rate for consolidated financial statements changed from the comparative period because a subsidiary had utilised loss carry forward in last year. The effective tax rate for separate financial statements changed from the comparative period because non-deductible expenses for tax purpose are inconsistently occurred.
The tax (charge)/credit relating to component of other comprehensive income is as follows:
Consolidated financial statements
Remeasurement on retirement benefit obligations
Financial assets value at fair value though other comprehensive income
Other comprehensive income
Current tax
Deferred tax (Note 19)
Before tax Thousand Baht
(14,905) 73,920 59,015
2025 Tax credit/
(charge) Thousand Baht
2,981
(14,784)
(11,803)
- (11,803)
(11,803)
After tax Thousand Baht
(11,924) 59,136 47,212
Before tax Thousand Baht
(7,624) 24,000 16,376
2024 Tax credit/
(charge) Thousand Baht
1,525 (4,800) (3,275)
- (3,275)
(3,275)
After tax Thousand Baht
(6,099) 19,200 13,101
234 Tata Steel (Thailand) Public Company Limited