- 53 - 17. INTANGIBLE ASSETS Intangible assets as at December 31, 2021 and 2020 consist of: Unit : Million Baht Consolidated financial statements Customer contracts and the related Intangible assets Production Computer customer Right to use Right to use under Note licence fees software relationships pipe rack others development Total Cost As at January 1, 2020 7,707 4,997 137 547 2,380 677 16,445 Effect from first-time adoption of new accounting policy - - - (440) (56) - (496) Additions 215 44 - - - 1,097 1,356 Transfers 887 425 - (51) (327) (1,324) (390) Disposals - (9) - - - - (9) Effect from exchange differences on translating financial statements - 10 1 - 80 - 91 As at December 31, 2020 and January 1, 2021 8,809 5,467 138 56 2,077 450 16,997 Additions 39 45 - - - 474 558 Business acquisition 4 34 4,094 40,755 - 48,955 291 94,129 Transfers 75 684 - - - (711) 48 Disposals - (451) - - (960) - (1,411) Effect from exchange differences on translating financial statements - 8 14 - 98 2 122 As at December 31, 2021 8,957 9,847 40,907 56 50,170 506 110,443 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED AND SUBSIDIARIES FOR THE YEAR ENDED DECEMBER 31, 2021 NOTES TO THE FINANCIAL STATEMENTS 285 BUSINESS OPERATION AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL REPORTS AND FINANCIAL STATEMENTS APPENDIX
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