Page 113 - PEA_AnnualReport_2016

5.9 Investments in subsidiary
Investments in subsidiary in the separate fnancial statements represent the investments in PEA Encom
International Company Limited. The Company is registered in Thailand with a purpose of investing in electricity-
related businesses and conducting training services concerning electricity systems and other private organizations

both domestically and internationally. Provincial Electricity Authority has acquired 100 shareholding of its ordinary
shares. The investments in subsidiary are recorded under the cost method.
As at December 31, 2016 and 2015, Provincial Electricity Authority has investments in subsidiary presented
in the separate fnancial statements of Baht 557.28 million and Baht 473.28 million, respectively.

5.10 Investment property consist of :
(Unit : Million Baht)

Consolidated and separate financial statements

Land and land Vacant
improvements building Total

Cost
As at January 1, 2016 282.45 474.99 757.44

- Additions 6.98 - 6.98

As at December 31, 2016 289.43 474.99 764.42
Accumulated depreciation

As at January 1, 2016 - 42.43 42.43

- Additions - 16.19 16.19
As at December31, 2016 - 58.62 58.62

Net book value

As at December 31, 2015 282.45 432.56 715.01
As at December 31, 2016 289.43 416.37 705.80

As at December 31, 2016 and 2015, according to the appraisal value announced by the Treasury
Department, land has total fair value of Baht 482.57 million and Baht 1,049.17 million, respectively, and buildings
have fair value of Baht 193.30 million and Baht 174.28 million, respectively.

Provincial Electricity Authority has rental income on investment property for the years ended December
31, 2016 and 2015, amounting to Baht 25.08 million and Baht 23.24 million, respectively. The acquisition cost of
land used for rental as at December 31, 2016 and 2015, are Baht 137.69 million.

SMART PEA 113
Annual Report 2016 Provincial Electricity Authority