Page 116 - ACC One Report 2567-En

ADVANCED CONNECTION CORPORATION PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024
The Group recognises the amount of the change in lifetime expected credit losses as gain or loss from expected credit losses in profit or loss, to the extent that does not exceed the lifetime of expected credit losses recognised in the past.
4.7 Inventories
Inventories are valued at the lower of average cost and net realizable value.
4.8 Foreclosed assets
Foreclosed assets is stated at the lower of cost, including transfer expenses, or net realisable value, which is determined with reference to the most recent appraisal value less estimated selling expenses.
Gains or losses on disposal of foreclosed assets are recognised as income in profit or loss in the statements of comprehensive income when control of the properties foreclosed is transferred to the purchaser.
Impairment loss are recognised as expenses in profit or loss when they occur.
4.9 Investment in associates
Investments in associates, the separate financial statements of the Company are accounted for using the cost method and downgraded. Allowance for the expected credit loss on the investment (if any) and the recognition of the change in the investment in profit or loss is recorded when the investment is disposed or the impairment of the investment incurred.
Investments in associates in the consolidated financial statements record by equity method.
4.10 Investmentsinsubsidiariescompanies
Investments in subsidiary companies in the separate financial statements are recorded under the cost method net by the allowance for impairment (if any) and the recognition of the change in the investment in profit or loss is recorded when the investment is disposed or the impairment of the investment incurred.
4.11 Property, plant and equipment
Property, plant and equipment are stated at costs less accumulated depreciation and allowance for impairment of assets (if any). Cost is measured by the cash and cash equivalent price of obtaining the asset to bring it to the location and condition necessary for its intended use.
The group depreciates equipment by the straight – line method over their estimated useful lives of the assets based on the segregation of components of assets, if each part is significant with different useful lives. Estimate useful lives of the assets are as follows:
Annual Report 2024 (Form 56-1 One Report)
Advanced Connection Corporation Public Company Limited
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