Annual Report 2005
Notes to the Financial Statements For the years ended 31 December 2005 and 2004
The Company Land and Building and Machinery Fixtures Tran Advance Under improvements improvements and equipment sportation payment for construction equipment machinery (in mil ion Baht) Accumulated depreciation At 1 January 2004 129 573 48 4 Depreciation charge for the year 11 83 6 2 Acquisition through business combinations 61 617 13 2 Transfers, net Disposals (1) (23) (15) At 31 December 2004 200 1,250 52 8 Depreciation charge for the year 14 125 8 3 Transfers, net Disposals (8) (3) At 31 December 2005 214 1,367 57 11 Net book value At 31 December 2004 22 120 350 20 8 98 20 At 31 December 2005 276 134 774 20 6 2 3
Total
754 102 693 (39) 1,510 150 (11) 1,649 638 1,215
The finance costs have been capitalised totalling approximately Baht 7 million in 2005 and Baht 1 million in 2004. The gross carrying amounts of certain depreciable assets totalling approximately Baht 1,033 million and Baht 995 million are fully depreciated as of 31 December 2005 and 2004, respectively but these items are still in active use. In 2005, the Company has adopted the recognition of the appraised value of its land for financial reporting purposes. The land with the original cost of Baht 22 mil ion was appraised at the value of Baht 276 million, based on the fair market value shown in the reports of an independent appraiser, American Appraisal (Thailand) Limited, dated 22 November 2005. The revaluation increment in land of Baht 254 million was presented in the balance sheet under çShareholdersÝ EquityÊ and is not available for dividend distribution.
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