Page 277 - BTSGroup ONE REPORT 2021/22_EN

BTS Group Holdings Public Company Limited 6.4 Notes to Consolidated Financial Statements 275
Annual Report 2021/22

16.5 Impairment loss of investments in associates
Details of allowance for impairment account for current year ended 31 March 2022 and 2021 are as follows;

(Unit: Thousand Baht)
Company’s name Consolidated f nancial statements Separate f nancial statements
2022 2021 2022 2021
Aero Media Group Co., Ltd. 115,799 115,799 - -
BTS Rail Mass Transit Growth Infrastructure Fund - - 5,316,035 3,591,174
U City Plc. - - 1,263,000 1,263,000
Master Ad Plc. - - 427,613 257,292
Total 115,799 115,799 7,006,648 5,111,466

Movements of allowance for impairment account for the years ended 31 March 2022 and 2021 are summarised below.

(Unit: Thousand Baht)
Separate f nancial statements
2022 2021
Beginning balance 5,111,466 -
Impairment loss for investment 1,895,182 5,111,466
Ending balance 7,006,648 5,111,466

During the year, the Company recognises impairment losses for investments in associates in the profit and loss to reduce the carrying amount of the
assets to their recoverable amounts. This is because of the coronavirus disease 2019 pandemic which is adversely impacting the business activities
of associates.

The Company has determined the recoverable amounts of its investment in associates based on value in use. The value used cash flow projections,
covering the periods of 5 - 8 years.