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4.2 Expense recognition - Interest expenses

Interest expenses are recognised on an accrual basis, using the effective interest rate which
included expenses incurred directly in generating the notes payable and loans. In cases
where interest is already included in the notes payable, interest is recognised as deferred

interest payable and amortised to expenses over the tenor of the notes.

4.3 Financial assets - Investments in securities

Accounting policies adopted since 1 January 2020

The Company has classified investments in securities as financial assets - debt instruments

and equity instruments, as follows:

Financial assets - Debt instruments

The Company classifies its financial assets - debt instruments as subsequently measured at
amortised cost or fair value in accordance with the Company’s business model for managing

the financial assets and the contractual cash flows characteristics of the financial assets, as
follows:

a) Financial assets measured at amortised cost 251

Investments in debt instruments whose both of the following conditions are met: the

financial assets are held within a business model whose objective is to hold in order to
collect contractual cash flows; and the contractual terms of the financial assets represent
contractual cash flows that are solely payments of principal and interest on the principal

amount outstanding. The Company recognises these as financial asset measured at
amortised cost. These financial assets are initially recognised at fair value on trading Bangkok Commercial Asset Management Public Co., Ltd.
date plus transaction costs directly related to the acquisition of the investment.

At the end of reporting period, investments in debt instruments measured at amortised
cost are presented in the statement of financial position net of allowance for expected
credit loss (if any).