PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED AND SUBSIDIARIES FOR THE YEAR ENDED DECEMBER 31, 2021 NOTES TO THE FINANCIAL STATEMENTS - 40 - 13. INVESTMENT PROPERTIES Investment properties as at December 31, 2021 and 2020 consisted of: Unit : Million Baht Consolidated financial statements Separate financial statements Land Buildings and buildings improvement Investment property under construction Total Land Cost As at January 1, 2020 6,459 41 - 6,500 1,741 Transfers (420) (14) - (434) - Disposals (4) - - (4) - As at December 31, 2020 and January 1, 2021 6,035 27 - 6,062 1,741 Additions - - 1 1 - Transfers - 4 11 15 - As at December 31, 2021 6,035 31 12 6,078 1,741 Accumulated depreciation As at January 1, 2020 - (2) - (2) - Depreciation charge for the year - (2) - (2) - Transfers - 1 - 1 - As at December 31, 2020 and January 1, 2021 - (3) - (3) - Depreciation charge for the year - (2) - (2) - Transfers - 1 - 1 - As at December 31, 2021 - (4) - (4) - Net book value As at January 1, 2020 6,459 39 - 6,498 1,741 As at December 31, 2020 and January 1, 2021 6,035 24 - 6,059 1,741 As at December 31, 2021 6,035 27 12 6,074 1,741 The fair value of investment properties of the Group as at December 31, 2021 of Baht 6,834 million (2020: Baht 8,019 million) was determined at open market values on an existing use basis and income approach. The fair value measurement for investment properties has been categorised as Levels 2 and 3 fair value, respectively. The fair value of investment properties of the Company as at December 31, 2021 of Baht 3,700 million (2020: Baht 3,700 million) was determined at open market values on an existing use basis. The fair value measurement for investment properties has been categorised as a Level 2 fair value. 272 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2021
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