Page 123 - One Report Thai Final_ENG_2021
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Tycoons Worldwide Group (Thailand) Plc.
13. Investment property
The net book value of investment properties as at 31 December 2021 is presented below.
(Unit: Thousand Baht)
Land and buildings
31 December 2021
Cost 231,062
Less: Accumulated depreciation (3,120)
Net book value 227,942
A reconciliation of the net book value of investment properties for the years 2021 is
presented below.
(Unit: Thousand Baht)
Net book value at beginning of year -
Increased from the acquisition of the subsidiary
- net book value (Note 11) 58,007
Acquisition of asset during the period - at cost 170,000
Depreciation charged for the period (65)
Net book value at end of year 227,942
The fair value of the investment property in the consolidated financial statement as at 31
December 2021 stated below:
(Unit: Thousand Baht)
Land and buildings 285,962
The fair value has been determined based on valuation performed by an independent
valuer, using market approach.
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