Page 125 - ACC One Report 2567-En

ADVANCED CONNECTION CORPORATION PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024
The impairment analysis of property, plant and equipment, right – of – use assets and intangible assets requires management to make subjective judgments concerning estimates of cash flows to be generated by the assets or the cash generating units and to choose a suitable discount rate in order to determine the present value of those cash flows. The cash flow estimates are based on currently available information about the operations and require management to make judgments regarding future market conditions and future revenues and expenses relevant to the assets or the cash generating units subject to the review. Events and factors that may significantly affect the estimates include, among others, competitive forces, changes in revenue growth trends, cost structures, changes in discount rates and specific industry or market sector conditions.
Post – employment benefits under defined benefit plans and other long – term employee benefits
The obligation under defined benefit plan is determined based on actuarial valuations. Inherent within these calculations are assumptions as to discount rates, future salary incremental rate, mortality rates and other demographic factors. In determining the appropriate discount rate, management selects an interest rate that reflects the current economic situation. The mortality rate is based on publicly available mortality tables for the country. Actual post-retirement costs may ultimately differ from these estimates.
5. TRANSACTIONS WITH RELATED PARTIES
The Company had significant business transactions with related parties and companies as summarized below. These transactions are based on commercial terms and bases as agreed between the Group and related parties and companies in the normal course of business as follows:
Name ACC Infra Co., Ltd.
ACC Landmark Co., Ltd. Bangpakong Solar Power Co., Ltd. ACC Capital Co., Ltd.
ACC Global Trade Co., Ltd.
ACC Cannabis Co., Ltd.
ACC Utilities Co., Ltd.
High Innovation Technology Co., Ltd.
ACC Asset Management Co, Ltd.
W. Solar Co., Ltd.
105 Solar Power Co., Ltd.
Prime Mansion Co., Ltd.
Wyncoast Industrial Park Public Co., Ltd.
Type of Business Construction service
Property development
Solar roof power plant
Financing and factoring
Trade in agricultural fruit products Research, development, production (cultivation) and processing of cannabis
Construction service
Develop an e – commerce system for online marketing
buying, accepting transfer of non – performing assets from financial institutions. Other juristic to manage
Solar roof power plant Solar roof power plant Real estate business
Property for rent Type of factory building area
Type of Relationship Subsidiaries
Subsidiaries Subsidiaries Subsidiaries Subsidiaries Subsidiaries
(End of Subsidiaries on June 27, 2024) Indirect subsidiaries
Indirect subsidiaries Indirect subsidiaries
Associated company
Associated company Shareholders of ACC Landmark Co., Ltd.
Shareholders of Bangpakong Solar Power Co., Ltd. and
W. Solar Co., Ltd.
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Annual Report 2024 (Form 56-1 One Report) Advanced Connection Corporation Public Company Limited
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