293 O N E R E P O R T 2 0 2 2 OVERVIEW BUSINESS OVERVIEW AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL INFORMATION SUSTAINABLE BUSINESS DEVELOPMENT The components of deferred tax assets and deferred tax liabilities are as follows: As at 31 December 2022, the Group has deductible temporary differences and unused tax losses totaling Baht 16,695 million (2021: Baht 7,287 million), on which deferred tax assets have not been recognised as the Group believes future taxable profits may not be sufficient to allow utilisation of the unused tax losses. The unused tax losses of the subsidiary which deferred tax assets have been recognized amounting to Baht 15,477 million (2021: Baht 7,599 million) will expire by 2027 (2021: 2026). (Unit: Baht Thousand) Consolidated financial statements Separated financial statements 2022 2021 2022 2021 Deferred tax assets Leases 1,818,039 961,023 - - Derivatives 214 13,726 - - Provision for long-term employee benefits 142,142 145,822 - - Unused tax losses 3,095,727 1,519,743 6,408 6,408 Total 5,056,122 2,640,314 6,408 6,408 Deferred tax liabilities Fair value of assets from business combination (2,971,492) (2,971,492) - - Total (2,971,492) (2,971,492) - - Net deferred tax assets (liabilities) 2,084,630 (331,178) 6,408 6,408 32. Promotional privileges As at 31 December 2022, the subsidiary received 5 certificates (2021: 7 certificates) of promotional privileges from the Board of Investment (“BOI”) for air transportation business. The main privileges include exemption from payment of import duty on aircraft and related spare parts, and exemption from corporate income taxes for the promoted activities for periods of 5 years starting from the date on which the subsidiary started earning income from the promoted activities (commencing from 27 December 2011). To be entitled to the privileges, the subsidiary must comply with the conditions and restrictions provided in the promotional certificates. As at 31 December 2022, the subsidiary had 9 aircraft (2021: 13 aircraft) under such certificates of promotional privileges from the BOI. 33. Loss per share Basic loss per share is calculated by dividing loss 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. Diluted loss per share is calculated by dividing loss 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 plus the weighted average number of ordinary shares which would need to be issued to convert all dilutive potential ordinary shares into ordinary shares. The calculation assumes that the conversion took place either at the beginning of the year or on the date the potential ordinary shares were issued. Since the conversion of convertible debentures results in a decrease in loss per share for the year ended 31 December 2022. Therefore, the Group presented the diluted loss per share without accounting for the effect of conversion of the convertible debentures which potential convert to 685,714,287 ordinary shares in the calculation of diluted loss per share. 34.Segment information Operating segment information is reported in a manner consistent with the internal reports that are regularly reviewed by the chief operating decision maker in order to make decisions about the allocation of resources to the segment and assess its performance. The chief operating decision maker has been identified as the Board of Directors that makes strategic decisions. For management purposes, the Group is organised into business units based on its services and have two reportable segments as follows:
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