Page 124 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

14. Property, plant and equipment
(Unit: Thousand Baht)

Consolidated/Financial statement in which equity method is applied/Separate financial statements
Assets under
Building and Machinery Furniture and installation
Land and land attached and Motor office and
improvement facilities equipment vehicles equipment construction Total
Cost
1 January 2020 548,659 1,799,604 5,341,162 294,945 68,641 215,547 8,268,558
Additions 41,955 4,495 7,647 2,081 629 81,568 138,375
Disposals/write-off - (2,465) (33,673) (2,974) (4,565) - (43,677)
Transfers in (out) - 15,647 94,264 1,802 - (111,713) -
31 December 2020 590,614 1,817,281 5,409,400 295,854 64,705 185,402 8,363,256
Additions 20,645 5,781 36,233 10,233 1,434 356 74,682
Disposals/write-off - (1,856) (48,386) (19,780) (788) - (70,810)
Transfers in (out) - 13,849 9,634 1,684 - (25,167) -
31 December 2021 611,259 1,835,055 5,406,881 287,991 63,351 160,591 8,367,128
Accumulated depreciation
1 January 2020 85,766 1,157,175 3,033,836 282,597 61,579 - 4,620,953
Depreciation for the year 5,488 61,265 202,220 5,631 3,079 - 277,683
Depreciation on
disposals/write-off - (1,827) (32,043) (2,974) (4,564) - (41,408)
31 December 2020 91,254 1,216,613 3,204,013 285,254 60,094 - 4,857,228
Depreciation for the year 5,473 63,978 185,707 4,958 2,229 - 262,345
Depreciation on
disposals/write-off - (1,230) (39,913) (19,780) (788) - (61,711)
31 December 2021 96,727 1,279,361 3,349,807 270,432 61,535 - 5,057,862
Allowance for impairment
loss
31 December 2020 - 55,690 361,862 - - - 417,552
Increase during the year - - 69,082 - - 158,555 227,637
31 December 2021 - 55,690 430,944 - - 158,555 645,189
Net book value
31 December 2020 499,360 544,978 1,843,525 10,600 4,611 185,402 3,088,476
31 December 2021 514,532 500,004 1,626,130 17,559 3,816 2,036 2,664,077
Depreciation for the year
2020 (Baht 260 million included in manufacturing cost, and the balance in selling and administrative expenses) 277,683
2021 (Baht 245 million included in manufacturing cost, and the balance in selling and administrative expenses) 262,345

As at 31 December 2021, certain items of plant and equipment were fully depreciated but are
still in use. The gross carrying amount before deducting accumulated depreciation and allowance
for impairment loss of those assets amounted to approximately Baht 1,797 million (2020: Baht
1,600 million).

The Company has mortgaged most of its property, plant and machinery with banks as collateral
against credit facilities granted by commercial banks.

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