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4.7 Intangible assets Intangible assets with finite useful lives which the Group acquired are stated at historical cost less accumulated amortization and impairment loss (as if). The Group’s amortisation is calculated on the straight-line method over their estimated useful life as follows:

Computer software Copyright

5 years 3 - 5 years

Power purchase agreement acquired in a business combination is initially recognized at their fair value at the acquisition date which is regarded as their cost and amortized over the period of power purchase agreement. 4.8 Impairment of assets The carrying amounts of the Group’s assets and also intangible assets are reviewed at the end of each reporting period to determine whether there is any indication of impairment. If any such indication that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the carrying amount of the assets exceeds its recoverable amount which is the higher of an asset’s net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there is separately identifiable cash flows. The Group will recognize impairment losses in profit or loss, or reduce the revaluation increment in assets in case that those assets are previously revalued. The reversal of impairment losses will be recognized in profit or loss or as a revaluation increment in assets when there is an indication that the impairment losses are no longer exist or decreased. 4.9 Loans from financial institutions Loans from financial institutions are initially measured at fair value, including transaction costs directly attributable to the issue of the loans. And after initial recognition, the loans from financial institutions are subsequently measured at amortized cost, using the effective interest method. Gunkul Engineering Public Company Limited

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Gunkul 12  

GUNKUL_2012 GUNKUL ENGINEERING PCL Annual Report 2012

Gunkul 12  

GUNKUL_2012 GUNKUL ENGINEERING PCL Annual Report 2012

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