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Tycoons Worldwide Group (Thailand) Plc.

4.5 Investment properties

Investment properties are measured initially at cost, including transaction costs. Subsequent
to initial recognition, investment properties are stated at cost less accumulated depreciation
and allowance for loss on impairment (if any).

Depreciation of investment properties which are buildings is calculated by reference to their
costs on the straight-line basis over estimated useful lives of 20 years. Depreciation of the

investment properties is included in determining income. No depreciation is provided for the
investment properties of land.

On disposal of investment properties, the difference between the net disposal proceeds and
the carrying amount of the asset is recognised in profit or loss in the period when the asset
is derecognised.

4.6 Property, plant and equipment and depreciation

Land is stated at cost. Plant and equipment are stated at cost less accumulated depreciation
and allowance for loss on impairment of assets (if any).

Depreciation of plant and equipment is calculated by reference to their costs on the

straight-line basis over the following estimated useful lives, except for main machinery and
equipment for production of the Group, which are depreciated based on estimated units of
production.

Land improvements 5 - 30 years Straight-line basis
Buildings and attached facilities 5 - 30 years Straight-line basis
Motor vehicles 5 years Straight-line basis

Furniture and office equipment 5 - 10 years Straight-line basis
Minor machinery and equipment for production 5 - 20 years Straight-line basis
Main machinery and equipment for production Estimated units of production at
a total of 0.02 - 7.02 million tons

Depreciation is included in determining income.

No depreciation is provided on land and assets under installation and construction.

An item of property, plant and equipment is derecognised upon disposal or when no future
economic benefits are expected from its use or disposal. Any gain or loss arising on disposal

of an asset is included in profit or loss when the asset is derecognised.

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