Page 183 - Thailand Post Annual Report 2024

Part 1
Overview of the Organization
Part 2
Business Trends
Part 3
Business Model
Part 4
Strategies and Resource Allocation
Part 5
Risk
Part 6
Corporate Governance
Part 7
Operating Results
Part 8
Other Information
3.19 Earnings (loss) per share
The calculations of basic earnings (loss) per share for the year are based on the profit (loss) for the year attributable to equity holders divided by the weighted-average number of ordinary shares held by outsiders during the year. The calculations of diluted earnings (loss) per share for the year are based on the weighted-average number of ordinary shares on the assumption that all dilutive potential ordinary shares have been converted to ordinary shares.
3.20 Use of Discretion of the Management
In preparing the financial statements in accordance with the standards of financial reporting and generally accepted financial practices in Thailand, the management of the Group relies on a variety of discretions in determining the accounting policy, estimation, and assumption which affect the presentation of the amount of assets, liabilities and disclosure of information about the possible assets and liabilities as at the end date of reporting cycle, as well as the presentation of incomes and expenses of the accounting period. Despite the management’s reasonable estimation at that time, the actual results may be different from the estimation.
Important uses of discretion in accounting estimation are as follows :
Benefits after Employees’ Resignation from Work under the Benefit Project
Liabilities under the Benefit Project after employees’ resignation are estimated on basis of the actuarial science principle which relies on assumptions such as discount rate, future pay raise rate, death rate, and turnover rate, etc. Cost of past services related to the correction of projects will be recognized as expenses in the statements of profit or loss when the correction of projects is effective.
4. Related Parties Transactions
For the purpose of preparing the financial information, parties are considered related to the Group if the Group has direct or indirect control or common control or has significant influence over the parties in making financial and management decisions.
During the years, the Company and its subsidiaries had significant business transactions with related parties. Such transactions are in accordance with commercial terms and criteria agreed between the Company and its subsidiaries and those related parties, which is a normal business operation.
Annual Report 2024 181