Page 206 - 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
Notes to the Consolidated and Separate Financial Statements
Tata Steel (Thailand) Public Company Limited
For the year ended 31 March 2025
Notes to the Consolidated and Separate Financial Statements For the year ended 31 March 2025
Relationship of unobservable inputs to fair value are shown as follows:
Unlisted equity securities
Unobservable inputs
Profit growth factors Risk-adjusted discount rate
Movement
1.00% 1.00%
Increase in assumptions 2025
Increase 7.4% Decrease 7.8%
Decrease in assumptions 2025
Decrease 6.1% Increase 9.5%
Change in fair value
The Group’s valluation processes
The fair value of unlisted equity investments is determined using valuation techniques, discounted cash flow which assessed by
independent valuer and are within level 3 of the fair value hierarchy.
There were no transfers between Levels 2 and 3 during the year.
There were no changes in valuation techniques during the year.
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
a) Faiirrvallueoffcceerrttaininffininanciaiallaassseetstsananddddereirviavtaitvievses
7 Critical accounting estimates and judgements
7 Critical accounting estimates and judgements
b)
The fair value of financial instruments that is not traded in an active market is determined using valuation techniques. The Group uses judgement to select a variety of methods and make assumptions that are mainly based on market conditions existing at the end of each reporting period. Details of key assumptions used are included in Note 6.
Impairment of investments in a subsidiary
The Group tests whether investments in a subsidiary have suffered any impairment when indicators of impairment trigger. The recoverable amounts of cash-generating units have been determined based on the fair value less costs to sell or value-in-use calculations. In calculating value-in-use, the Group estimates the present value of future cash flows expected to arise from the cash-generating unit.
204 Tata Steel (Thailand) Public Company Limited