Page 137 - Microsoft Word - One-Report-Eng 2024 Final.docx

Tycoons Worldwide Group (Thailand) Plc.

14. Investment properties
The net book value of investment properties as at 31 December 2024 and 2023 is presented
below.

(Unit: Thousand Baht)
Consolidated financial statements
Land Buildings Total
As at 31 December 2024
Cost 328,515 4,834 333,349
Less: Accumulated depreciation - (4,424) (4,424)
Net book value 328,515 410 328,925

As at 31 December 2023
Cost 328,515 4,834 333,349
Less: Accumulated depreciation - (4,013) (4,013)
Net book value 328,515 821 329,336

A reconciliation of the net book value of investment properties for the years 2024 and 2023
is presented below.
(Unit: Thousand Baht)
Consolidated financial statements
2024 2023

Net book value at beginning of year 329,336 227,460
Capital increase with investment properties of
non-controlling interests - 50,720
Acquisition during the year - at cost - 51,567
Depreciation charged for the year (411) (411)
Net book value at end of year 328,925 329,336

The fair value of the investment properties as at 31 December 2024 and 2023 is presented
below.

(Unit: Thousand Baht)
Consolidated financial statements
2024 2023
Land 432,288 380,668
Buildings 7,107 7,580

The fair value has been determined based on valuation performed by an independent valuer,
using market approach.

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