Ratchaburi Electricity Generating Holding PCL.
147
Ratchaburi Electricity Generating Holding Public Company Limited and its subsidiaries
Notes to the financial statements
26
An impairment loss in respect of goodwill is not reversed. Impairment losses recognised in prior
periods in respect of other non-financial assets are assessed at each reporting date for any indications
that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a
change in the estimates used to determine the recoverable amount. An impairment loss is reversed only
to the extent that the asset’s carrying amount does not exceed the carrying amount that would have
been determined, net of depreciation or amortisation, if no impairment loss had been recognised.
(l) Interest-bearing liabilities
Interest-bearing liabilities are recognised initially at fair value less attributable transaction charges.
Subsequent to initial recognition, interest-bearing liabilities are stated at amortised cost with any
difference between cost and redemption value being recognised in profit or loss over the period of the
borrowings on an effective interest basis.
(m) Trade and other accounts payable
Trade and other accounts payable are stated at cost.
(n) Employee benefits
Defined contribution plans
A defined contribution plan is a post-employment benefit plan under which an entity pays fixed
contributions into a separate entity and will have no legal or constructive obligation to pay further
amounts. Obligations for contributions to defined contribution pension plans are recognised as an
employee benefit expense in profit or loss in the periods during which services are rendered by
employees.
Short-term employee benefits
Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as
the related service is provided
Post-employment benefits
The Group’s/Company’s obligation in respect of post-employment benefit is the amount of future
benefit that employees have earned in return for their service in the current and prior periods; that
benefit is discounted to determine its present value. The discount rate is the yield at the reporting date
on Government bonds that have maturity dates approximating the terms of the Group’s/Company’s
obligations. The calculation is performed using the projected unit credit method. Any actuarial gains
and losses are recognised in other comprehensive income in the period in which they arise.
(o) Provisions
A provision is recognised if, as a result of a past event, the Group/Company has a present legal or
constructive obligation that can be estimated reliably, and it is probable that an outflow of economic
benefits will be required to settle the obligation. Provisions are determined by discounting the
expected future cash flows at a pre-tax rate that reflects current market assessments of the time value
of money and the risks specific to the liability. The unwinding of the discount is recognised as finance
cost.
Notes to the financial statements
Ratchaburi Electricity Generating Holding Public Company Limited and its subsidiaries
