Page 268 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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Lease liabilities

At the commencement date of the lease, the Company recognises lease liabilities measured
at the present value of the lease payments to be made over the lease term, discounted by the
Company’s incremental borrowing rate. After the commencement date, the amount of lease

liabilities is increased to reflect the accretion of interest and reduced for the lease payments
made. In addition, the carrying amount of lease liabilities is remeasured if there is a

modification or reassessment.
Bangkok Commercial Asset Management Public Co., Ltd.
Short-term leases and Leases of low-value assets

Payments under leases that, have a lease term of 12 months or less at the commencement
date, or are leases of low-value assets, are recognised as expenses on a straight-line basis
over the lease term.

The Company as a lessor

Leases in which the majority of risks and rewards of ownership are not transferred to lessees
are considered operating leases. Lease receivables from operating leases is recognised as

income in profit or loss on a straight-line basis over the lease term.
4.12 Intangible assets and amortisation

Intangible assets, consist of computer software, are initially recognised at cost. Following the
initial recognition, the intangible assets are carried at cost less any accumulated amortisation
and accumulated impairment loss (if any).

Intangible assets with finite life are amortised on a systematic basis over the economic useful
life and tested for impairment whenever there is an indication that the intangible assets may
be impaired. The amortisation period and the amortisation method of such intangible assets

are reviewed at least at the end of each period. The amortisation and allowance for
impairment loss are recognised as expenses in profit or loss in the statement of

comprehensive income.

Intangible assets with finite life have approximately five years of useful life and no amortisation
is provided for work in process.

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