Operating Assets Major Fixed Assets The major fixed assets used in IRPC and its subsidiaries’ operations consist of refineries, petrochemical plants, equipment, machinery, and land. As of the end of 2022, the net property, plant, and equipment was worth Baht 111,432 million, as detailed below: Property, plant, equipment (cost) Net value Obligation 1 Machinery and piping systems 153,355 None 2 Buildings and building improvements 41,710 None 3 Land and land improvements 11,795 None 4 Tools and factory equipment 3,537 None 5 Furniture, fixtures, and office equipment 1,324 None 6 Vehicles 671 None Total 212,392 Add Assets under construction and assets under installation 9,646 Less Accumulated depreciation (109,995) Allowance for impairment (611) Total property, plant, and equipment 111,432 (Unit: Million Baht) Investment Property At the end of 2022, IRPC’s net investment property, consisting of property and buildings that were not major operating assets, after depreciation and allowance for impairment, totaled Baht 939 million. Intangible Assets At the end of 2022, IRPC’s net intangible assets totaled Baht 695 million, consisting of: 1. Net computer software fees of Baht 567 million with amortization periods of 5-10 years. 2. Net dredging expenses of Baht 128 million.This is a sea channel dredging to get the deep sea port ready for cargo ships. Amortization periods were spread over 10-20 years. 56-1 One Report 2022 84 IRPC PUBLIC COMPANY LIMITED
RkJQdWJsaXNoZXIy ODg4NTI=