Page 108 - ACC One Report 2567-En

ADVANCED CONNECTION CORPORATION PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024
1. GENERALINFORMATION
Advanced Connection Corporation Public Company Limited (“the Company”) is incorporated in Thailand, the registered office at 944 Mitrtown Office Tower Floor 16, Rama 4 Road, Wangmai Pathumwan, Bangkok.
The Company was listed on the Stock Exchange of Thailand on March 23, 1993.
The Company and its subsidiaries (“the Group”) has a business structure is investment in renewable energy, real estate development, distribution, rental, lending and asset management, construction business and a commercial hemp business.
2. BASISOFPRESENTATIONOFFINANCIALSTATEMENTS 2.1 Statementofcompliance
The financial statements are prepared in accordance with Thai Financial Reporting Standards (“TFRS”) including related interpretations and guidelines promulgated by the Federation of Accounting Professions (FAP); applicable rules and regulations of the Thai Securities and Exchange Commission. The financial statements issued for Thai reporting purposes are prepared in the Thai language. This English translation of the financial statements has been prepared for the convenience of readers not conversant with the Thai language.
2.2 Basisofmeasurement
The financial statements have been prepared on the historical cost basis (except where otherwise disclosed in the accounting policies).
2.3 Presentationcurrency
The financial statements are prepared and presented in Thai Baht. All financial information presented in Thai Baht has been rounded to the nearest Thousand or Million unless otherwise stated.
2.4 Significant accounting judgment and estimates
The preparation of financial statements in conformity with TFRS requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized prospectively.
Annual Report 2024 (Form 56-1 One Report)
Advanced Connection Corporation Public Company Limited
108
10