(Unit : Baht)
THE COMPANY ONLY Construction Furniture and in Office Building other office Motor progress Condominium Improvement equipment vehicles
Land
Total
Cost 31 December 2003 7,856,319 Purchases Transfer in /(Transfer out) 31 December 2004 7,856,319
35,480,595 35,480,595
12,567,951 24,358,900 36,926,851
15,939,096 2,592,828 (3,228,931) 15,302,993
5,070,055 3,274,398 80,188,414 1,284,000 21,084,502 24,961,330 - (24,358,900) (3,228,931) 6,354,055 - 101,920,813
Accumulated depreciation 31 December 2003 Depreciation for the year 31 December 2004
-
9,072,065 1,211,534 10,283,599
8,762,625 7,206,359 15,968,984
11,182,106 568,537 11,750,643
2,763,444 1,024,528 3,787,972
-
31,780,240 10,010,958 41,791,198
Net book value 31 December 2004 7,856,319 31 December 2003 7,856,319
25,196,996 26,408,530
20,957,867 3,805,326
3,552,350 4,756,990
2,566,083 2,306,611
3,274,398
60,129,615 48,408,174
Depreciation in the earnings statements for the year 2004 2003
10,010,958 19,250,446
As at 31 December 2004 certain equipment items have been fully depreciated but are still in use. The original cost, before deducting accumulated depreciation, of those assets amounted to Baht 14 million. 11. SHORT-TERM LOANS The outstanding balance represents a loan obtained from a local bank to purchase property fund units. Interest on the loan is charged at 4.5% per annum and the loan is to be repaid within 3 November 2004. However, the Company has success to negotiate with the bank to postpone the due date to be with in 3 November 2005. The facility is secured by the pledge of the property fund unit certificates. The loan agreement contains certain conditions which the Company has to observe, such as the maintenance of debt to equity ratio.
ANNUAL REPORT
2004 ::: 99