ANNUAL REPORT 2011 - Thecorporatelibrary.net

THAI UNION FROZEN PRODUCTS PCL.
- Exemption from import duty on raw materials and essential materials imported for
use specifically in producing for export for a period of 1 year and/or 5 years as from
the date of first import.
- Exemption from import duty on items which the promoted person imports for
re-export for a period of 1 year and/or 5 years as from the date of first import.
- Five percent of any increment in export income over that of the preceding year is
deductible from taxable income for a period of ten years commencing as from the
date of first earning operating income, provided that the export sales of that year
are not lower than the average export sales of the past three years, except for the
first two years.
- Exemption from import duty on machinery as approved by the Board.
In addition, subsidiaries have been accorded the following additional privileges:
- A fifty percent reduction of corporate income tax on their net income, for a period of
5 years after the corporate income tax exemption expired.
- Permission to double deduct the costs of transportation, electricity and water supply
for corporate income tax purpose, for a period of 10 years, commencing as from the
date of first earning operating income.
- Permission to deduct twenty five percent of the cost of public utilities, in addition to
normal depreciation charges.
The Company’s operation revenues for the years are below shown divided according to
promoted and non-promoted activities.
2011 2010
(Unit: Thousand Baht)
B.O.I. Non - B.O.I. B.O.I. Non - B.O.I.
promoted promoted Total promoted promoted Total
Revenues
Sales
Local 2,784,983 775,403 3,560,386 1,930,745 1,025,087 2,955,832
Export 19,735,527 429,818 20,165,345 15,716,541 2,511,607 18,228,148
Other income 126,051 2,388,842 2,514,893 405,829 1,803,291 2,209,120
Total revenues 22,646,561 3,594,063 26,240,624 18,053,115 5,339,985 23,393,100
29. Earnings per share
Basic earnings per share is calculated by dividing profit for the year attributable to
equity holders of the Company (excluding other comprehensive income) by the
weighted average number of ordinary shares in issue during the year.
ANNUAL REPORT 2011
167