Detecting Corporate’s Earnings Manipulation in Thailand Corporate Governance Attributes and Audit Report Timeliness: Mediating Role of Corporate Disclosure and Transparency and Moderating Role of
A String of Earnings Increases, Future Earnings Uncertainty, and Firm Fundamentals* Sarayut Rueangsuwan † Kasetsart University, Thailand August 2015 Abstract Prior literature on meeting or beating
84 0.2% 78 0.1% 5 6.6% Profit (loss) before tax (expense) income 993 2.1% 2,193 4.1% (1,199) -54.7% Tax (expense) income (125) -0.3% (535) -1.0% 410 -76.7% Profit (loss) for the period 869 1.8% 1,658
& Amortization 165 174 156 Add: Net finance costs 60 59 68 Add: Tax expense (income) 43 (27) (0) Add: Impairment loss of PPE 5 11 - Less: Impairment loss reversal-TFRS 9 1 (1) (0) Less: Gains on bargain purchases
Capital Expenditure Program We continue to invest in the business to enhance overall production, vertical integration and quality of earnings. Improved cash flows and ongoing commitment from shareholders
)% Current tax expense/(income) 1,234 4,191 (71)% 439 304 512 (14)% Deferred tax expense/(income) (158) (378) (58)% 68 (281) 256 (73)% Profit/(loss) for the period 4,364 26,338 (83)% (2,132) 591 2,238 (195
)% Income tax expense 145 507 103 (71)% 41% Current tax expense/(income) 561 439 179 28% 213% Deferred tax expense/(income) (417) 68 (77) (709)% (443)% Profit/(loss) for the period 546 (2,132) 3,733 126% (85
) (99)% - Net interest (1,693) (2,140) (1,494) 21% (13)% Profit (loss) before tax (411) 690 2,614 - - Income tax expense (570) 145 442 - - Current tax expense/(income) 451 561 312 (20)% 45% Deferred tax
full-year contribution from Invista Germany. Capital Expenditure Program We continue to invest in the business to enhance overall production, vertical integration and quality of earnings. IVL balance
2,664 14% Current tax expense/(income) 179 512 834 (78)% 3,536 3,171 12% Deferred tax expense (77) 256 47 (263)% (502) (507) (1)% Profit/(loss) for the period 3,733 2,238 5,841 (36)% 24,230 22,422 8% Non