Page 95 - ACC One Report 2567-En

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Impairment of investments in subsidiaries
As described in Note 13. The company may have an indication of impairment of investments in subsidiaries. Due to the loss performance of subsidiaries. Consideration of the recoverable amount from investment in the subsidiary is the responsibility of the management to make assumptions in order to obtain such forecast information, therefore I agreed that is the key to audit matters.
My audit including, but not limited to, the following procedures :
- Compare the book value of investments in subsidiaries to the net realizable value which is the greater of Adjusted
Net Book Value Method or Discounted Cash Flows that will be received in the future.
- Review the reasonableness of the management assumptions to estimate the future cash flows
- Readtheminutesofthemeetingregardingthecashflowsprojectionsandreviewthereasonablenessofsuchprojections
provided by the management.
- Review the operating results after the end of the period and ask management to review the projections to be close
to the facts that arise, and
- Perform calculation test to determine the appropriate allowance for impairment of investments.
Highlighted information and events
I would like to note Note 13 to the financial statements regarding the purchase of investments in subsidiaries. The measurement of the identifiable assets and liabilities assumed at fair value as of the purchase date has not yet been completed. I do not express an unqualified opinion on this matter in any way.
Other Information
Management is responsible for the other information. The other information comprise the information included in annual report but does not include the consolidated and separate financial statements and my auditor’s report thereon. The annual report is expected to be made available to me after the date of this auditor’s report.
My opinion on the consolidated and separate financial statements does not cover the other information and I do not express any form of assurance conclusion thereon.
In connection with my audit of the consolidated and separate financial statements is to read and consider the other information has conflict with the consolidated and separate financial statement or with the knowledge gained from my audit, or it appears that other information that is contrary to material facts is presented.
When I read the annual report, if I conclude that there is a material misstatement therein, I am required to communicate the matter to those charged with governance for correction of the misstatement.
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Annual Report 2024 (Form 56-1 One Report) Advanced Connection Corporation Public Company Limited