Page 96 - Annual Report English 2018

Tycoons Worldwide Group (Thailand) Plc.

During the year, All Manage International Limited received the return of all capital

invested amounting to approximately Baht 24.5 million in Tycoons Steel International
Co., Ltd., which has registered its dissolutions.

15. Property, plant and equipment

(Unit: Thousand Baht)
Financial statement in which equity method is applied/Consolidated/Separate financial statements
Building and Furniture and Assets under
Land and land attached Machinery and office installation and
improvement facilities equipment Motor vehicles equipment construction Total
Cost
1 January 2017 597,481 1,849,891 5,678,562 301,665 63,053 556 8,491,208
Additions - 4,922 16,204 6,428 3,064 9,844 40,462
Disposals/write-off - (35,057) (34,291) (10,515) (609) - (80,472)
Transfers in (out) - - - - 130 (130) -
31 December 2017 597,481 1,819,756 5,660,475 297,578 65,638 10,270 8,451,198
Additions 1,951 890 22,518 6,243 1,888 175,048 208,538
Disposals/write-off (42,966) (767) (185,335) (2,892) (631) - (232,591)
Transfers in (out) - - 25,605 - - (25,605) -
31 December 2018 556,466 1,819,879 5,523,263 300,929 66,895 159,713 8,427,145
Accumulated depreciation
1 January 2017 73,311 1,035,250 2,576,441 271,367 55,897 - 4,012,266
Depreciation for the year 5,096 59,508 216,439 15,539 3,686 - 300,268
Depreciation on disposals/write-off - (31,738) (28,141) (10,515) (608) - (71,002)
31 December 2017 78,407 1,063,020 2,764,739 276,391 58,975 - 4,241,532
Depreciation for the year 5,266 60,754 251,430 10,048 4,478 - 331,976
Depreciation on disposals/write-off (157) (363) (102,396) (2,892) (1,993) - (107,801)
31 December 2018 83,516 1,123,411 2,913,773 283,547 61,460 - 4,465,707
Net book value
31 December 2017 519,074 756,736 2,895,736 21,187 6,663 10,270 4,209,666
31 December 2018 472,950 696,468 2,609,490 17,382 5,435 159,713 3,961,438
Depreciation for the year
2017 (Baht 283 million included in manufacturing cost, and the balance in selling and administrative expenses) 300,268
2018 (Baht 315 million included in manufacturing cost, and the balance in selling and administrative expenses) 331,976

As at 31 December 2018, the Company had vehicles with net book value of Baht
1 million (2017: Baht 1 million) which were acquired under finance lease agreements.

As at 31 December 2018, certain items of plant and equipment were fully depreciated
but are still in use. The gross carrying amount before deducting accumulated
depreciation and allowance for impairment loss of those assets amounted to

approximately Baht 1,349 million (2017: Baht 1,172 million).

The Company has mortgaged most of its property, plant and machinery with banks as
collateral for short-term and long-term credit facilities granted by commercial banks.

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