Page 269 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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Form 56-1 One Report 2022
4.13 Accrued income from auction sale

Accrued income from auction sale is the result of legal action taken against debtors, where
the court has ordered the Legal Execution Department to conduct an auction sale open for
bidder. These are divided into two situations, as follows:

a) The successful bidder is an external party

In cases where collateral is auctioned and the successful bidder is an external party, the
item is recorded as accrued income from auction sale on the date the buyer makes full
payment to the Legal Execution Department, provided that the collateral is under first

mortgage only. The estimated operating expenses to be collected by the Legal
Execution Department is recording and presenting as a deduction from accrued income
from auction sale.

b) The successful bidder is the Company, as an external party

In cases where the Company is the buyer of the collateral and has already made full
payment to the Legal Execution Department, the item is recognised as accrued income

from auction sale at the auction price less the estimated operating expenses to be
collected by the Legal Execution Department.

4.14 Impairment of non-financial assets

At the end of each reporting period, the Company performs a review for indications of
impairment of its assets and if there are any indications of impairment, the amount is assessed

and an impairment loss recognised if the recoverable amount of the asset is less than the
carrying amount. Recoverable amount, in this case, is the higher of the asset’s fair value less

costs to sell or its value in use.

The Company recognises impairment loss as an expenses in profit or loss in the statement of
comprehensive income. When assessing asset impairment, if there is any indication that an

previously recognised impairment loss may no longer exist or may have decreased, the
Company estimates the asset’s recoverable amount. A previously recognised impairment loss
is reversed only if there has been a change in the assumptions used to determine the asset’s

recoverable amount since the last impairment loss was recognised and the increase in the
carrying amount of an asset attributable to the reversal of an impairment loss is not to exceed
what the carrying would have been if no impairment loss had been recognised for the asset

in the past. Reversals of impairment loss are recognised immediately in profit or loss.

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