Page 131 - TYCONS - ANNUAL REPORT 2022
P. 131
Tycoons Worldwide Group (Thailand) Plc.
13. Investment property
The net book value of investment properties as at 31 December 2022 and 2021 is
presented below.
(Unit: Thousand Baht)
Land and buildings
31 December 2022
Cost 231,062
Less: Accumulated depreciation (3,602)
Net book value 227,460
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 2022 and 2021
is presented below.
(Unit: Thousand Baht)
2022 2021
Net book value at beginning of year 227,942 -
Increased from the acquisition of the
subsidiary - net book value - 58,007
Acquisition of asset during the period - at
cost - 170,000
Depreciation charged for the period (482) (65)
Net book value at end of year 227,460 227,942
The fair value of the investment property in the consolidated financial statement as at 31
December 2022 and 2021 stated below:
(Unit: Thousand Baht)
2022 2021
Land and buildings 285,962 285,962
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