Page 194 - Amata-one-report2020-en
P. 194
The fair value of the investment properties as at 31 December 2020 and 2019 stated below.
(Unit: Million Baht)
Consolidated Separate
financial statements financial statements
2020 2019 2020 2019
Land, factory and office buildings for rent 8,923 10,401 2,516 2,492
The fair value of the above investment properties has been determined based on valuation
performed by an accredited independent valuer. The fair value of property is not determined
on the basis of market price due to the particular nature of the property and a lack of
comparative information. The independent appraisers therefore used standard models to
estimate the value of investment properties, such as the direct comparison method,
discounted cash flow approach and the direct return estimation method, etc., which is the fair
value measurement level 3 based on the fair value hierarchy. Key assumptions used in the
valuation include yield rate, inflation rate, long-term vacancy rate and long-term growth in
rental rate.
As at 31 December 2020, Amata Summit Ready Built Co., Ltd. (“ASRB”) has pledged its
investment properties amounting to Baht 98 million (2019: Baht 100 million) as collateral
against its long-term loans as described in Note 23 to the consolidated financial statements.
194 56-1 One Report 2020 41
