Page 152 - Mono Technology Public Company Limited : Annual Report 2013

As at 31 December 2013 the subsidiaries had deductible temporary differences and unused tax losses

totaling Baht 22 million, on which deferred tax assets have not been recognised as the subsidiaries
believe future taxable profits may not be sufficient to allow utilisation of the temporary differences and
unused tax losses.

20. Promotional privileges
On 11 January 2011, Mono Info Systems Co., Ltd., a subsidiary, has received promotional tax privileges

from the Board of Investment, pursuant to the promotion certificate No. 1029(7)/2554. The privileges
include an exemption from corporate income tax for a period of 8 years from the date of the promoted
operations commenced generating revenues (31 July 2011).

In 2013, the subsidiary had revenues from the promoted operations amounting to Baht 374 million

(2012: Baht 458 million).

21. Basic 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.

22. Provident fund

The Company, its subsidiaries and its employees have jointly established a provident fund in accordance
with the Provident Fund Act B.E. 2530. The Company, its subsidiaries and its employees contribute
to the fund monthly at the rate of 5 percent of basic salary. The fund, which is managed by TISCO Asset

management Co., Ltd., will be paid to employees upon termination in accordance with the fund rules.
During the year 2013, the Company and its subsidiaries contributed Baht 8 million (2012: Baht 7 million)
to the fund and of the Company only amounting to Baht 4 million (2012: Baht 3 million).

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