Page 145 - annual report AUCT 2025_Eng

Business Operation and Operating Results Corporate Governance Financial Statements Attachments
Intangible assets with finite lives are amortised the straight-line basis over the economic useful life
and tested for impairment whenever there is an indication that the intangible asset may be impaired.
The amortisation period and the amortisation method of such intangible assets are reviewed at least
at each financial year end. The amortisation expense is charged to profit or loss.
A summary of the intangible assets with finite useful lives is as follows:
Useful lives
Computer software 2 - 10 years
No amortisation is provided on intangible assets under installation.
4.5 Leases
At inception of contract, the Company assesses whether a contract is, or contains, a lease. A
contract is, or contains, a lease if the contract conveys the right to control the use of an identified
asset for a period of time in exchange for consideration.
The Company as a lessee
The Company applied a single recognition and measurement approach for all leases, except for short-
term leases and leases of low-value assets. At the commencement date of the lease (i.e. the date
the underlying asset is available for use), the Company recognises right-of-use assets representing
the right to use underlying assets and lease liabilities based on lease payments.
Right-of-use assets
Right-of-use assets are measured at cost, less any accumulated depreciation, any accumulated
impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use
assets includes the amount of lease liabilities initially recognised, initial direct costs incurred, and
lease payments made at or before the commencement date of the lease less any lease incentives
received.
Depreciation of right-of-use assets are calculated by reference to their costs on the straight-line
basis over the shorter of their estimated useful lives and the lease term.
Land and land improvements 3 - 50 years
Motor vehicles 3 - 5 years
If ownership of the leased asset is transferred to the Company at the end of the lease term or the
cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful
life of the asset.
บริิษััท สหการประมููล จำำากัด (มหาชน)
Union Auction Public Company Limited
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