Page 157 - ACC One Report 2567-En

ADVANCED CONNECTION CORPORATION PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024
(Unit : Thousand Baht) Separate
Profit (loss) before tax
Tax rate
Accounting profit before income tax multiplied by tax rate Tax implications for:
Non – deductible expenses
Non – taxable income/additional deductible expenses
Deferred Income Tax Expense (Income) from Temporary Differences and
Reversals of Temporary Differences Unrecognized tax losses as deferred tax assets
Total
Income tax expenses reported in the income statement
2024 (95,037) 20% (19,007)
5,942 (59)
(597) 13,124 18,410
(597)
2023 (86,568) 20% (17,314)
10,881 (386)
- 6,819 17,314 -
As of December 31, 2024, and 2023, the consolidated financial statements did not recognize deferred income tax assets for deductible temporary differences of certain subsidiaries amounting to 12.06 million baht and 52.09 million baht, respectively (the separate financial statements: 8.77 million baht and 31.00 million baht, respectively). This is because the Company's management has assessed that there is uncertainty as to whether the Company will have sufficient taxable profits in the future to utilize these items or whether they may not be deductible for tax purposes in the future.
19. DISPOSALGROUPOFASSETS(LIABILITIES)CLASSIFIEDASHELDFORSALE
In September 2024, a subsidiary entered into an agreement to transfer and sell its rights and obligations related to leased fiber optic network equipment to a company for a total contract value of baht 12 million. The subsidiary received payment in the form of five post-dated checks, with maturity dates ranging from September 30, 2025, to September 30, 2029.
As of December 31, 2024, the subsidiary has not yet been able to transfer control of the leased fiber optic network equipment. This is because the leased fiber optic network equipment sold by the subsidiary is subject to litigation by a leasing contract creditor, who has filed a lawsuit against the subsidiary for debt repayment and asset delivery, as discussed in Note 36 to the financial statements regarding legal disputes, Case No. 2.
The Group’s management has assessed the situation and considers it highly probable that the contract will be successfully executed. Accordingly, the Group has classified the related assets and liabilities as assets and liabilities held for sale in the consolidated statement of financial position. These assets and liabilities have been measured at the lower of their carrying amount and fair value less costs to sell, with the carrying amount being the lower value.
59
Annual Report 2024 (Form 56-1 One Report) Advanced Connection Corporation Public Company Limited
157