Page 281 - BTSGroup ONE REPORT 2021/22_EN

BTS Group Holdings Public Company Limited 6.4 Notes to Consolidated Financial Statements 279
Annual Report 2021/22

17. Elevated train project costs
Elevated train project costs were detailed below.

(Unit: Thousand Baht)
Consolidated f nancial statements
2022 2021
Cost of design and construction of civil works 14,376,359 11,561,880
Cost of procurement of electronic and mechanical systems 34,907,753 29,364,535
Capitalised borrowing costs 2,914,023 1,609,360
Total 52,198,135 42,535,775

Movements of elevated train project costs during the year ended 31 March 2022 are summarised below.

(Unit: Thousand Baht)
Consolidated f nancial statements
2022 2021
Balance at beginning of year 42,535,775 30,268,891
Increase during the year 8,356,658 11,211,398
Capitalised borrowing costs 1,305,702 1,055,486
Balance at end of year 52,198,135 42,535,775
Capitalisation rate (% per annum) 4.53 4.61

Project costs consisted of certain costs of the design and construction of civil works (the remaining costs under “Receivables due in the future under
agreements with government authorities”) and cost of procurement of electronic and mechanical systems and related equipment of MRT Pink Line Project
and MRT Yellow Line Project as discussed in Note 1.2.3 to the financial statements.