Page 220 - 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
TNaottaeSsteoetlh(eThCaoinlasnodli)dPatuebdliacnCdoSmepanrayteLiFminiatendcialStatements
Notes to the Consolidated and Separate Financial Statements
For the year ended 31 March 2025
For the year ended 31 March 2025
17 Goodwill, net
17 Goodwill, net
As at 1 April 2023
Cost
Less Accumulated amortisation (up to 31 March 2008)
Allowance for impairment Net book amount
For the year ended 31 March 2024
Opening net book amount Impairment charge
Closing net book amount
As at 31 March 2024
Cost
Less Accumulated amortisation (up to 31 March 2008)
Allowance for impairment Net book amount
For the year ended 31 March 2025
Opening net book amount Impairment charge
Closing net book amount
As at 31 March 2025
Cost
Less Accumulated amortisation (up to 31 March 2008)
Allowance for impairment Net book amount
Consolidated financial statements
Thousand Baht
5,607,769 (1,491,432) (660,323)
3,456,014
3,456,014 -
3,456,014
5,607,769 (1,491,432) (660,323)
3,456,014
3,456,014 -
3,456,014
5,607,769 (1,491,432) (660,323)
3,456,014
Goodwill resulted from acquisition of The Siam Iron and Steel (2001) Company Limited, The Siam Construction Steel Company Limited and Tata Steel Manufacturing (Thailand) Public Company Limited on 29 November 2002 by Tata Steel (Thailand) Public Company Limited.
Since 1 April 2008, the Group has ceased amortisation of goodwill and has changed to test impairment of goodwill instead.
During the year ended 31 March 2021, The Siam Iron and Steel (2001) Company Limited and The Siam Construction Steel Company Limited transferred entire business to Tata Steel Manufacturing (Thailand) Public Company Limited including goodwill.
As at 31 March 2025 and 2024 the Group has made an assessment of impairment loss on goodwill and resulted that the recoverable amount was not lower than the carrying amount, so no additional impairment was necessary.
Goodwill is allocated to the Group’s cash-generating units (CGUs) identified according to each factory.
218 Tata Steel (Thailand) Public Company Limited