Page 100 - Anual report STi 2022_eng

As at December 31, 2022, the fair value of investment which can link data and pictures from each construction
properties was approximately 35.78 million baht. Khon Kaen project to the office middle immediately. This helps increase

land amounted to 18.69 million baht, and Chiang Mai land the efficiency of the work of employees, making it more
amounted to 17.09 million baht. The fair value is appraised flexible and of higher quality.
by an independent appraiser using the market approach. Right-of-use Assets

Plant and equipment As at December 31, 2021 - 2022, the STI Group has
As at December 31, 2021 - 2022, the STI Group has assets right-of-use in the amount of 62.64 million baht and
buildings and equipment worth 231.51 million baht and 217.34 66.96 million baht, respectively, or representing 3.22 percent
million baht, respectively, or 11.89 percent and 10.14 percent and 3.13 percent of total assets each year, which increases

of total assets each year. The amount decreased by 14.17 by 4.32 million baht or 6.90 percent. The right-of-use assets
million baht, or 6.12 percent, compared to the previous year. of the STI Group can be divided into buildings and building
Most of which are office buildings and building improvements improvements in the amount of 39.18 million baht, vehicles
for the operation of the STI Group, with the addition of office in the amount of 23.95 million baht, and office equipment in
buildings, meeting rooms, and training centers, and developing the amount of 3.83 million baht, respectively.
skills and knowledge training for employees to support future Goodwill
business expansion.
Goodwill in the amount of 80.30 million baht resulting
Intangible Assets from the acquisition of AEC by the STI Group, which has

As at December 31, 2021 - 2022, the STI Group had been determined that such goodwill will not be impaired as
intangible assets of 116.29 million baht and 89.02 million at December 31, 2022.
baht, respectively, representing 5.97 percent and 4.16 percent Liabilities
of total assets each year. The amount decreased by 27.27
million baht, or 23.45 percent, compared to the previous year. As at December 31, 2021 - 2022, the STI Group has
Most of which is a result of recording the balance under the total liabilities of 1,043.84 million baht and 1,107.43 million
contract pending recognition as revenue (backlog) as an baht, respectively which consisted of current liabilities in the

intangible asset acquired from a business combination, whose amount of 671.95 million baht and 759.90 million baht,

net book value as at December 31, 2022, was 80.18 million respectively, or representing 34.52 percent and 35.47
baht. percent of total liabilities and shareholders' equity each year.
In addition, there were non-current liabilities of 371.89 million
In addition, the STI Group has given importance to the baht and 347.53 million baht, respectively, representing
deployment of technology to provide service and the 19.11 percent and 16.22 percent of total liabilities and

management of the STI Group, as it foresees that it is an shareholders' equity each year. The details of each important
important factor in enhancing the efficiency and quality of item are as follows:
services to increase the opportunity for the STI Group to be
selected as a service provider from the target employer and Bank overdrafts and short-term loans from banks
is an important way to maintain the competitiveness of the As at December 31, 2021 - 2022, the STI Group had bank
STI Group as one of the leaders of such businesses in the overdrafts and short-term loans from banks of 153.63 million
future. The STI Group has introduced new computer programs baht and 210.13 million baht, respectively, or 7.89 percent

and information technology applied, for example, to the and 9.81 percent of liabilities and total shareholder equity for
development of a computer program by the STI Group and each year. For use as working capital by the STI Group,
the use of portable personal computers to record data and consisting of promissory notes in the amount of 210.13
prepare reports on the results of contractors’ work inspections, million baht.

98 Annual Report 2022 (56-1 One Report)