Page 238 - Amata-one-report2020-en
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Enclosures 4
Assets Used in Business Operations
and Asset Valuation
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.
For Detials of assets used in business operation please see pages nos. 46-47
238 56-1 One Report 2020
