Page 192 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Tata Steel (Thailand) Public Company Limited
Tata Steel (Thailand) Public Company Limited
Notes to the Consolidated and Separate Financial Statements
Notes to the Consolidated and Separate Financial Statements
For the year ended 31 March 2025
For the year ended 31 March 2025
When measuring expected credit losses, the Group reflects the following:
 probability-weighted estimated uncollectible amounts
 time value of money; and
 supportable and reasonable information as of the reporting date about past experience, current conditions
and forecasts of future situations.
Impairment (and reversal of impairment) losses are recognised in profit or loss as a separate line item.
All other property, plant and equipment are stated at historical cost less accumulated depreciation and impairment losses.
Land is not depreciated. Depreciation on other assets is calculated using the straight-line method to allocate their cost, net of their residual values, over their estimated useful lives, as follows:
4.6 Property, plant and equipment
4.6 Property, plant and equipment
Land improvement, buildings and structures Machinery and equipment
Furniture, fixtures and office equipment Vehicles
5 - 30 years 5 - 25 years 3 - 25 years 5 - 10 years
4.7 Goodwill
Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that it
might be impaired. It is carried at cost less accumulated impairment losses.
The assets with infinite useful life are subsequently measured at cost less impairment losses.
The assets with limited life are measured at cost less accumulated amortisation and impairment losses. The amortisation is calculated using the straight-line method over their estimated useful lives, as follows:
Computer software 3 - 10 years
4.8 Intangible assets
4.8 Intangible assets
Acquired intangible assets
Acquired intangible assets
190 Tata Steel (Thailand) Public Company Limited