Advanced Info Service : Note to Financial Statement (financial statement yearly 2025 audited)

About this update from Advanced Info Service Public Co., Ltd.

[{"type":"text","content":" \n ADVANCED INFO SERVICE PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES \n notes to the financial statements \n FOR THE YEAR ENDED DeceMBER 31, 2025 \n Notes Contents\n \n \n General information\n \n \n Basis of preparation and presentation of the financial statements\n \n \n Material accounting policies\n \n \n Cash and cash equivalents\n \n \n Specifically-designated bank deposits\n \n \n Trade and other current receivables\n \n \n Contract assets\n \n \n Inventories\n \n \n Investments in subsidiaries\n \n \n Investments in associates and joint ventures\n \n \n Property, plant and equipment\n \n \n Right-of-use assets\n \n \n Goodwill\n \n \n Spectrum licenses\n \n \n Other intangible assets other than goodwill\n \n \n Deferred tax assets\n \n \n Interest-bearing liabilities\n \n \n Trade and other current payables\n \n \n Spectrum licenses payable\n \n \n Provisions for employee benefit\n \n \n Share capital\n \n \n Segment financial information and disaggregation of revenue\n \n \n Expenses by nature\n \n \n Finance costs\n \n \n Tax expense\n \n \n The International Business Centre\n \n \n Earnings per share\n \n \n Dividends\n \n \n Related parties\n \n \n Notes Contents\n \n \n Financial instruments\n \n \n Commitments with non-related parties\n \n \n Significant events, commercial disputes and litigations\n \n \n Events after the reporting period\n ADVANCED INFO SERVICE PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES \n notes to the financial statements \n FOR THE YEAR ENDED DeceMBER 31, 2022 \n ADVANCED INFO SERVICE PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES \n notes to the financial statements \n FOR THE YEAR ENDED DeceMBER 31, 2025 \n 2\n \n \n 2\n \n \n These notes form an integral part of the financial statements.\n \n \n The financial statements issued for Thai statutory and regulatory reporting purposes are prepared in the Thai language. These English language financial statements have been prepared from the Thai language statutory financial statements, and were approved and authorised for issue by the Board of Directors on February 3, 2026.\n \n \n 1. GENERAL INFORMATION \n Advanced Info Service Public Company Limited (the \"Company\") is incorporated in Thailand and has its registered office at 414 Phaholyothin Road, Samsen Nai, Phayathai, Bangkok, Thailand.\n \n \n The Company was listed on the Stock Exchange of Thailand in November 1991.\n \n \n As at December 31, 2025, Gulf Development Public Company Limited is a major shareholder, holding 40.44% (as at December 31, 2024 : Intouch Holdings Public Company Limited (\"INTUCH\") was a major shareholder, holding 40.44%) of the authorised share capital of the Company and is incorporated in Thailand and Singtel Strategic Investments Pte Ltd.is a shareholder, holding 24.76% (as at December 31, 2024: 23.31%) of the authorised share capital of the Company and is incorporated in Singapore\n Change in Major Shareholding Structure \n Intouch Holdings Public Company Limited (\"INTUCH\") was a major shareholder, holding 40.44% of the Company's shares until March 31, 2025. Subsequently, on April 1, 2025, INTUCH completed its amalgamation with Gulf Energy Development Public Company Limited. As a result of this amalgamation, INTUCH has ceased to exist as a juristic person. A new public company has been established under the name, Gulf Development Public Company Limited.\n \n \n The major principal business operations of the Company are to provide consulting and management services to its subsidiaries. The principal business operations of the subsidiaries (the \"Group\") are summarised as follows:\n \n \n 1) Advanced Wireless Network Company Limited. (\"AWN\"), a subsidiary, has been granted permission from the Office of the National Broadcasting and Telecommunications Commission (\"NBTC\") to operate and service a Cellular Mobile Telephone Network. AWN can use the granted frequencies under each license's conditions to use the spectrum and is obliged to pay for the license fee at the bid price and comply with various conditions of various frequency bands as follows:\n Frequency Band \n Range \n Grant period \n Start \n End \n 700 MHz\n \n \n 723 - 733 MHz and 778 - 788 MHz\n \n \n January 15, 2021\n \n \n January 14, 2036\n \n \n 733 - 738 MHz and 788 - 793 MHz\n \n \n April 1, 2021\n \n \n March 31, 2036\n \n \n 738 - 743 MHz and 793 - 798 MHz\n \n \n October 24, 2023\n \n \n March 31, 2036\n \n \n 900 MHz\n \n \n 895 - 905 MHz and 940 - 950 MHz\n \n \n July 1, 2016\n \n \n June 30, 2031\n \n \n 1800 MHz\n \n \n 1725 - 1740 MHz and 1820 - 1835 MHz\n \n \n November 26, 2015\n \n \n September 15, 2033\n \n \n 1740 - 1745 MHz and 1835 - 1840 MHz\n \n \n September 24, 2018\n \n \n September 15, 2033\n \n \n 2100 MHz\n \n \n 1950 - 1965 MHz and 2140 - 2155 MHz\n \n \n December 7, 2012\n \n \n December 6, 2027\n \n \n 1965 - 1980 MHz and 2155 - 2170 MHz\n \n \n August 4, 2025\n \n \n August 3, 2040\n \n \n 2600 MHz\n \n \n 2500 - 2600 MHz\n \n \n February 21, 2020\n \n \n February 20, 2035\n \n \n 26 GHz\n \n \n 25.2 - 26.4 GHz\n \n \n February 18, 2021\n \n \n February 17, 2036\n \n \n \n 2) Super Broadband Network Company Limited (\"SBN\"), a subsidiary, has been granted permission from the Office of the National Broadcasting and Telecommunications Commission (\"NBTC\") under the broadcasting network license for national non-frequency business. The license certificate (the \"License\") No. B1-N21331-0001-60, dated on March 20, 2017, will expire on March 19, 2032. In addition, SBN has been granted licenses from NBTC for the operation of television broadcasting service on several channels for the period of 1 - 8 years each. SBN is obliged to comply with various conditions and pay fees within the time period as specified in the License.\n \n \n 3) CS LoxInfo Public Company Limited (\"CSL\"), an indirect subsidiary, has been granted permission from the Office of the National Broadcasting and Telecommunications Commission (\"NBTC\") under the Telecom Operation License type I and type II to operate internet data centres, provide internet and satellite uplink-downlink services for domestic and international communications and distribute internet equipment.\n \n \n 4) AD Venture Public Company Limited (\"ADV\"), an indirect subsidiary, has been granted permission from the Office of the National Broadcasting and Telecommunication Commission (\"NBTC\") under the Telecom Operation License type I to operate short message service - SMS.\n \n \n 5) Triple T Broadband Public Company Limited (\"TTTBB\"), an indirect subsidiary, has been granted permission from the Office of the National Broadcasting and Telecommunications Commission (\"NBTC\") under the Telecom Operation License type I and type III to operate internet service and telecom network services, resale of mobile phone and voice over internet phone services.\n \n \n 6) Triple T Internet Company Limited (\"TTTI\"), an indirect subsidiary, has been granted permission from the Office of the National Broadcasting and Telecommunications Commission (\"NBTC\") under the Telecom Operation License type I to operate resale of fixed line service, resale of leased circuit service and resale of mobile phone service.\n \n \n According to the conditions specified by NBTC, provided that the authorised licensee is not in significant violation of the conditions specified in the license, NBTC will consider renewing the license as a normal procedure.\n \n \n Details of subsidiaries, associates and joint ventures as at December 31, are as follows:\n Country of \n Ownership interest \n Name of the entities \n Type of business \n incorporation \n (%) \n 2025 \n 2024 \n Direct subsidiaries \n Advanced Contact Center Company Limited\n \n \n Service provider of call center\n \n \n Thailand\n \n \n 99.99\n \n \n 99.99\n \n \n Digital Phone Company Limited\n \n \n Ceased mobile phone operation\n \n \n Thailand\n \n \n 98.55\n \n \n 98.55\n \n \n Advanced Magic Card Company Limited 3\n \n \n Ceased providing electronic payment network services\n \n \n Thailand\n \n \n 99.99\n \n \n 99.99\n \n \n Advanced Mpay Company Limited\n \n \n Electronic money and electronic payment service provider and prepaid cards\n \n \n Thailand\n \n \n 99.99\n \n \n 99.99\n \n \n AIN GlobalComm Company Limited\n \n \n Service provider of international telephone\n \n \n Thailand\n \n \n 99.99\n \n \n 99.99\n \n \n Advanced Wireless Network Company Limited\n \n \n Service provider of cellular telephone network, distributor of handsets and international telephone service, network operator, telecommunication service operator and internet\n \n \n Thailand\n \n \n 99.99\n \n \n 99.99\n \n \n Super Broadband Network Company Limited\n \n \n Network operator and telecom service operator, including as service provider of broadcasting network and television broadcasting service several channels\n \n \n Thailand\n \n \n 99.99\n \n \n 99.99\n \n \n AIS Digital Life Company Limited\n \n \n Service provider of digital platform\n \n \n Thailand\n \n \n 99.99\n \n \n 99.99\n \n \n Fax Lite Company Limited\n \n \n Service provider of operation in space, land and building services, and related facilities\n \n \n Thailand\n \n \n 99.98\n \n \n 99.98\n \n \n MIMO Tech Company Limited\n \n \n Developer of IT systems service provider of content aggregator and outsourcing service for billing and collection\n \n \n Thailand\n \n \n 99.99\n \n \n 99.99\n \n \n Advanced Broadband Network Company Limited\n \n \n As a holding company\n \n \n Thailand\n \n \n 99.99\n \n \n 99.99\n \n \n Advanced Digital Distribution Company Limited\n \n \n Service provider of insurance broker\n \n \n Thailand\n \n \n 99.99\n \n \n 99.99\n \n \n LearnDi Company Limited\n \n \n Service provider of training\n \n \n Thailand\n \n \n 99.99\n \n \n 99.99\n \n \n AIS DC Venture Company Limited\n \n \n As a holding company\n \n \n Thailand\n \n \n 99.97\n \n \n 99.97\n \n \n G-AIS Company Limited (Formerly : AIS Broadband Company Limited)\n \n \n As a holding company\n \n \n Thailand\n \n \n - 2\n \n \n 99.98\n Indirect subsidiaries \n CS LoxInfo Public Company Limited\n \n \n Service provider of internet data center services, internet and distribute internet equipment\n \n \n Thailand\n \n \n 99.77 1\n \n \n 99.771\n \n \n Teleinfo Media Public Company Limited\n \n \n Service provider of the online advertising and being the outsourced contact center\n \n \n Thailand\n \n \n 99.99 1\n \n \n 99.99 1\n \n \n AD Venture Public Company Limited\n \n \n Service provider of mobile contents,\n \n \n develop application and digital marketing\n \n \n Thailand\n \n \n 99.99 1\n \n \n 99.99 1\n \n \n Yellow Pages Commerce Company Limited\n \n \n Service provider of online advertising business\n \n \n Thailand\n \n \n 99.94 1\n \n \n 99.94 1\n \n \n Triple T Broadband Public Company Limited\n \n \n Voice communication and broadband Internet data service provider\n \n \n Thailand\n \n \n 99.87 1\n \n \n 99.87 1\n \n \n Triple T Internet Company Limited\n \n \n Internet service provider\n \n \n Thailand\n \n \n 99.86 1\n \n \n 99.86 1\n \n \n In Cloud Company Limited\n \n \n Software development, distribution and general software service provider and software Supporting High-Speed internet service\n \n \n Thailand\n \n \n 99.86 1\n \n \n 99.86 1\n \n \n Three BB Company Limited\n \n \n Online Domain Name provider\n \n \n Thailand\n \n \n 99.87 1\n \n \n 99.87 1\n Associates \n Information Highway Company Limited\n \n \n Service provider of transmission network\n \n \n Thailand\n \n \n 29.00 1\n \n \n 29.00 1\n \n \n Choco Card Enterprise Company Limited\n \n \n Develop a customer relationship management system\n \n \n Thailand\n \n \n 17.35 1\n \n \n 17.35 1\n \n \n Datafarm Company Limited\n \n \n Service provider of information system security\n \n \n Thailand\n \n \n 25.00 1\n \n \n 25.00 1\n \n \n Swift Dynamics Company Limited\n \n \n Service provider of IoT technology\n \n \n Thailand\n \n \n 16.67 1\n \n \n 16.67 1\n \n \n 3BB Internet Infrastructure Fund\n \n \n Infrastructure business fund\n \n \n Thailand\n \n \n 19.00 2\n \n \n 19.00 2\n \n \n GSA Holdings Company Limited\n \n \n As a holding company\n \n \n Thailand\n \n \n 25.00 1,2\n \n \n 25.00 1,2\n \n \n Thai Trinity Holding Company Limited\n \n \n As a holding company\n \n \n Thailand\n \n \n 39.00 2\n \n \n -\n Joint Ventures \n Amata Network Company Limited\n \n \n Service provider of infrastructure developer\n \n \n of fibre optic network\n \n \n Thailand\n \n \n 60.00 1\n \n \n 60.00 1\n \n \n Saha Advance Network Company Limited\n \n \n Service provider of infrastructure developer of fibre optic network\n \n \n Thailand\n \n \n 70.00 1\n \n \n 70.00 1\n \n \n G-AIS Company Limited (Formerly : AIS Broadband Company Limited)\n \n \n Service provider of digital platform and cloud-based services\n \n \n Thailand\n \n \n 50.00 2\n \n \n -\n \n \n 1 % ownership interest in indirect subsidiaries, associates and joint ventures are presented by ownership interest held by subsidiaries.\n \n \n 2 See Note 10.\n \n \n 3 The company received approval from the Bank of Thailand to cease its electronic payment services business, effective from December 11, 2025.\n \n \n 2. BASIS FOR PREPARATION AND PRESENTATION OF THE FINANCIAL STATEMENTS \n The financial statements are prepared in accordance with Thai Financial Reporting Standards (\"TFRS\"), guidelines promulgated by the Federation of Accounting Professions and applicable rules and regulations of the Thai Securities and Exchange Commission. The financial statements are presented in Thai Baht, which is the Company's functional currency. The accounting policies, described in the note 3, have been applied consistently to all periods presented in these financial statements.\n \n \n The preparation of financial statements in conformity with TFRS requires management to make judgements, estimates and assumptions that affect the application of the Group's accounting policies. Actual results may differ from these estimates. Estimates and underlying assumptions that are described in the note 3 are reviewed on an ongoing basis. Revisions to accounting estimates are recognised prospectively.\n \n \n 3. MATERIAL ACCOUNTING POLICIES \n The financial statements have been prepared under the measurement basis of historical cost except as disclosed in the material accounting policies as follows:\n (a) Basis of consolidation \n The consolidated financial statements relate to the Company and its subsidiaries (together referred to as the \"Group\") and the Group's interests in its associates and joint ventures.\n Business combinations \n The Group and the Company apply the acquisition method for all business combinations when control is transferred to the Group other than those with entities under common control.\n \n \n Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. In assessing control, the Group and the Company take into consideration potential voting rights that currently are exercisable. The acquisition date is the date on which control is transferred to the acquirer. Judgment is applied in determining the acquisition date and determining whether control is transferred from one party to another.\n \n \n Goodwill is measured as the fair value of the consideration transferred including the recognised amount of any non-controlling interest in the acquiree, less the net recognised amount (generally fair value) of the identifiable assets acquired and liabilities assumed, all measured as of the acquisition date.\n \n \n Consideration transferred includes the fair values of the assets transferred, liabilities incurred by the Group and the Company to the previous owners of the acquiree, and equity interests issued by the Group and the Company. Consideration transferred also includes the fair value of any contingent consideration and share-based payment awards of the acquiree that are replaced mandatorily in the business combination. If a business combination results in the termination of pre-existing relationships between the Group and the Company and the acquiree, then the lower of the termination amount, as contained in the agreement, and the value of the off-market element is deducted from the consideration transferred and recognised in other expenses.\n \n \n A contingent liability of the acquiree is assumed in a business combination only if such a liability represents a present obligation and arises from a past event, and its fair value can be measured reliably.\n \n \n The Group and the Company measure any non-controlling interest (NCI) at its proportionate interest in the identifiable net assets of the acquiree.\n \n \n Transaction costs that the Group and the Company incur in connection with a business combination such as legal fees, other professional and consulting fees are expensed as incurred.\n Acquisitions from entities under common control \n Business combinations of entities or businesses under common control are accounted for using a method similar to the pooling of interest method and in accordance with the Guideline issued in 2009 by the Federation of Accounting Professions.\n Subsidiaries \n Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The financial statements of subsidiaries are included in the consolidated financial statements from the date on which control commences until the date on which control ceases.\n Loss of control \n When the Group loses control over a subsidiary, it derecognises the assets and liabilities of the subsidiary, and any related non-controlling interests and other components of equity. Any resulting gain or loss is recognised in the statement of profit or loss and the statement of profit or loss and other comprehensive income. Any interest retained in the former subsidiary is measured at fair value when control is lost.\n Interests in equity - accounted investees \n The Group's interests in equity-accounted investees comprise interests in associates and joint ventures.\n \n \n The Company's interests in equity-accounted investees comprise interests in subsidiaries, associates and joint venture.\n \n \n An associate is an entity in which the Group has significant influence including in case of the representation on the board of directors or equivalent, material transactions between the Group and its investees, an investor holding less than 20%, but not control or joint control, over the financial and operating policies.\n \n \n A joint venture is a joint arrangement whereby the parties that have a joint control arrangement and have rights to the net assets of the arrangement.\n \n \n Interests in associates, subsidiaries and joint ventures are accounted for using the equity method. They are recognised initially at cost, which includes transaction costs. Subsequent to initial recognition, the consolidated and separate financial statements include the Group's and the Company's share of profit or loss of equity-accounted investees in the profit or loss and other comprehensive income, until the date on which significant influence or joint control ceases.\n Transactions eliminated on consolidation \n Intra-group balances and transactions, and any unrealised income or expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Unrealised gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group's interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only to the extent that there is no evidence of impairment.\n \n 0. Foreign currencies \n Transactions in foreign currencies are translated to the functional currency (Thai Baht) of the Group at the dates of the transactions.\n \n \n Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated to the functional currency at the foreign exchange rates ruling at that date. Foreign exchange differences arising on translation are recognised in the statement of profit or loss.\n \n \n Non-monetary assets and liabilities measured at cost in foreign currencies are translated to the functional currency using the foreign exchange rates ruling at the dates of the transactions.\n \n \n 0. Financial instruments \n Financial assets and financial liabilities are recognised in the Group and the Company consolidated statement of financial position and separate statement of financial position when the Group and the Company becomes a party to the contractual provisions of the instrument.\n \n \n Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issuance of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are recognised immediately in profit or loss.\n Financial assets \n All recognised financial assets are measured subsequently in their entirety at either amortised cost or fair value, depending on the classification of the financial assets.\n Classification of financial assets \n Debt instruments that meet the following conditions are measured subsequently at amortised cost;\n \n \n • The financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows; and\n \n \n • The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.\n \n \n By default, all other financial assets are measured subsequently at fair value through profit or loss (FVTPL).\n \n \n Despite the foregoing, the Group and the Company may make the following irrevocable election/designation at initial recognition of a financial asset;\n \n \n • The Group and the Company may irrevocably elect to present subsequent changes in fair value of an equity investment in other comprehensive income if certain criteria are met (see (2) below); and\n \n \n • The Group and the Company may irrevocably designate a debt investment that meets the amortised cost or FVTOCI criteria as measured at FVTPL if doing so eliminates or significantly reduces an accounting mismatch (see (3) below).\n \n \n \n (1) Amortised cost and effective interest method \n The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating interest income over the relevant period.\n \n \n Interest income is recognised in profit or loss and is included in the \"finance income\" line item.\n \n \n (2) Equity instruments classified as at FVTOCI \n On initial recognition, the Group and the Company may make an irrevocable election (on an instrument-by-instrument basis) to designate investments in equity instruments as at FVTOCI. Designation at FVTOCI is not permitted if the equity investment is held for trading or if it is contingent consideration recognised by an acquirer in a business combination.\n \n \n Investments in equity instruments at FVTOCI are initially measured at fair value plus transaction costs.\n \n \n Subsequently, they are measured at fair value with gains and losses arising from changes in fair value recognised in other comprehensive income and accumulated in the investments revaluation reserve. The cumulative gain or loss is not be classified to profit or loss on disposal of the equity investments, instead, it is transferred to retained earnings.\n \n \n The Group and the Company have designated all investments in equity instruments that are not held for trading as at FVTOCI on initial application of TFRS 9.\n \n \n (3) Financial assets at FVTPL \n Financial assets that do not meet the criteria for being measured at amortised cost or FVTOCI (see (1) to (2) above) are measured at FVTPL.\n \n \n Financial assets at FVTPL are measured at fair value at the end of each reporting period, with any fair value gains or losses recognised in profit or loss to the extent they are not part of a designated hedging relationship (see hedge accounting policy). The net gain or loss recognised in profit or loss and is included in the \"gain (loss) from fair value measurement of derivative assets\" line item. Fair value is determined in the manner described in Note 3(v).\n Impairment of financial assets \n The Group and the Company recognise a loss allowance for expected credit losses on trade receivables and contract assets. The amount of expected credit losses is updated at each reporting period date to reflect changes in credit risk since initial recognition of the respective financial instrument.\n \n \n The Group and the Company always recognise lifetime ECL for trade receivables and contract assets. The expected credit losses on these financial assets are estimated using a provision matrix based on the Group and the Company's historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date, including time value of money where appropriate.\n \n \n Lifetime ECL represents the expected credit losses that will result from all possible default events over the expected life of a financial instrument. In contrast, 12-month ECL represents the portion of lifetime ECL that is expected to result from default events on a financial instrument that are possible within 12 months after the reporting date.\n \n \n \n (1) Write-off policy \n The Group and the Company write-off a financial asset when there is information indicating that the debtor is in severe financial difficulty and there is no realistic prospect of recovery. Financial assets written-off may still be subject to enforcement activities under the Group's and the Company's recovery procedures, taking into account legal advice where appropriate. Any recoveries made are recognised in profit or loss.\n \n \n (2) Measurement and recognition of expected credit losses \n The measurement of expected credit losses is a function of the probability of default, loss given default and the exposure at default. The assessment of the probability of default and loss given default is based on historical data adjusted by forward-looking information. As for the exposure at default, for financial assets, this is represented by the asset's gross carrying amount at the reporting date.\n \n \n If the Group and the Company have measured the loss allowance for a financial instrument at an amount equal to lifetime ECL in the previous reporting period, but determines at the current reporting date that the conditions for lifetime ECL are no longer met, the Group and the Company measure the loss allowance at an amount equal to 12-month ECL at the current reporting date, except for assets for which simplified approach was used.\n Financial liabilities \n All financial liabilities are measured subsequently at amortised cost using the effective interest method or at FVTPL.\n \n \n A financial liability may be designated as at FVTPL upon initial recognition if;\n \n \n · Such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise; or\n \n \n · The financial liability is managed and its performance is evaluated on a fair value basis, in accordance with the Group's and the Company's documented risk management or investment strategy, and information about the grouping is provided internally on that basis.\n \n \n Financial liabilities measured subsequently at amortised cost.\n \n \n The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortised cost of a financial liability.\n Derivative financial instruments \n The Group and the Company enter into a variety of derivative financial instruments to manage its exposure to interest rate and foreign exchange rate risks, including foreign exchange forward contracts and interest rate swaps.\n \n \n Derivatives are recognised initially at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.\n \n \n A derivative with a positive fair value is recognised as a financial asset whereas a derivative with a negative fair value is recognised as a financial liability. Derivatives are not offset in the financial statements. A derivative is presented as a non-current asset or non-current liability if the remaining maturity of the instrument is more than 12 months and it is not expected to be realised or settled within 12 months. Other derivatives are presented as current assets or current liabilities.\n Hedge accounting \n The Group designates certain derivatives as hedging instruments in respect of interest rate risk in cash flow hedges.\n \n \n At the inception of the hedge relationship, the Group documents the relationship between the hedging instrument and the hedged item, along with its risk management objectives and its strategy for undertaking various hedge transactions. Furthermore, at the inception of the hedge and on an ongoing basis, the Group documents whether the hedging instrument is effective in offsetting changes in fair value or cash flows of the hedged item attributable to the hedged risk, which is when the hedging relationships meet all of the following hedge effectiveness requirements;\n \n \n · There is an economic relationship between the hedged item and the hedging instrument;\n \n \n · The effect of credit risk does not dominate the value changes that result from that economic relationships; and\n \n \n · The hedged ratio of the hedging relationship is the same as that resulting from the quantity of the hedged item that the Group actually hedges and the quantity of the hedging instrument that the Group actually uses to hedge that quantity of hedged item.\n Interest rate benchmark reform \n When the basis of determining the contractual cash flows of a financial asset or financial liability measured at amortised cost changed as a result of interest rate benchmark reform (IBOR reform), the Group first updated the effective interest rate of the financial asset or financial liability to reflect the change that is required by IBOR reform. If there were any other additional changes, the Group applied the policies on accounting for modifications to those changes.\n Hedges directly affected by IBOR reform \n When the basis for determining the contractual cash flows of the hedged item or hedging instrument changes as a result of IBOR reform and therefore there is no longer uncertainty arising about the cash flows of the hedged item or the hedging instrument, the Group amends the hedge documentation of that hedging relationship to reflect the changes required by IBOR reform. For this purpose, the hedge designation is amended once the following changes:\n \n \n - designating an alternative benchmark rate as the hedged risk;\n \n \n - updating the description of the hedged item, including the description of the designated portion of the cash flows or fair value being hedged\n \n \n The Group amends the formal hedge documentation by the end of the reporting period during which a change required by IBOR reform is made to the hedged risk, hedge item or hedging instrument. These amendments in the formal hedge documentation do not constitute the discontinuation of the hedging relationship or the designation of a new hedging relationship.\n \n \n If changes are made in addition to those changes required by IBOR reform, then the Group first considers whether those additional changes result in the discontinuation of the hedge accounting relationship. If the additional changes do not result in the discontinuation of the hedge accounting relationship, then the Group amends the formal hedge documentation for changes required by IBOR reform as mentioned above.\n \n \n When the interest rate benchmark on which the hedged future cash flows had been based is changed as required by IBOR reform, for the purpose of determining whether the hedged future cash flows are expected to occur, the Group deems that the hedging reserve recognised in OCI for that hedging relationship is based on the alternative benchmark rate on which the hedged future cash flows will be based.\n Cash flow hedges \n The effective portion of changes in the fair value of derivatives and other qualifying hedging instruments that are designated and qualified as cash flow hedges is recognised in other comprehensive income.\n \n \n The Group designates only the change in fair value of the spot element of interest rate swap as the hedging instrument in cash flow hedging relationships. The change in fair value of the forward element of interest rate swap is recognised in a cash flow hedging reserve within equity.\n \n \n For all other hedged forecast transactions, the amount accumulated in the cash flow hedging reserve is reclassified to profit or loss in the same period or periods during which the hedged expected future cash flows affect profit or loss.\n \n \n If the hedge no longer meets the criteria for hedge accounting or the hedging instrument is sold, expired, is terminated or is exercised, then hedge accounting is discontinued prospectively. When hedge accounting for cash flow hedges is discontinued, the amount that has been accumulated in the cash flow hedging reserve remains in equity until, for a hedge of a transaction resulting in the recognition of a non-financial item, it is included in the non-financial item's cost on its initial recognition or, for other cash flow hedges, it is reclassified to profit or loss in the same period or periods as the hedged expected future cash flows affect profit or loss.\n \n \n If the hedged future cash flows are no longer expected to occur, then the amounts that have been accumulated in the cash flow hedging reserve are immediately reclassified to profit or loss.\n \n \n 0. Cash and cash equivalents \n Cash and cash equivalents comprise cash, cash at banks being types of current accounts, saving accounts and fixed accounts not exceeding 3 months, excluding cash at banks used as collateral, and highly liquid short-term investments with original maturities of three months or less.\n \n \n 0. Trade and other current receivables \n Trade and other current receivables are stated at cost less allowance for expected credit losses.\n \n \n The allowance for expected credit losses has disclosed in Note 6.\n \n \n 0. Inventories \n Inventories comprise mobile phones, sim cards and spare parts used for repairs and services.\n \n \n Inventories are stated at the lower of cost and net realisable value. The Group's and the Company's cost of inventories are calculated by using moving weighted average method.\n \n \n Cost comprises all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.\n \n \n Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs to complete and to make the sale.\n \n \n 0. Investments \n Investments in subsidiaries, associates and joint ventures \n Investments in subsidiaries in the separate financial statements of the Company and investments in associates and joint ventures in the consolidated and separate financial statements are accounted for using the equity method.\n Investments in fixed deposit at banks \n Fixed deposit at bank is classified as part of current investment with maturities over three months, not exceeding one year.\n \n \n 0. Property, plant and equipment \n Recognition and measurement \n Owned assets \n Property is stated at cost less allowance for impairment (if any).\n \n \n Plant and equipment are stated at cost less accumulated depreciation and allowance for impairment loss.\n \n \n Cost includes expenditure that is directly attributable to the acquisition of the asset. The cost of self-constructed assets includes the cost of materials and direct labour, any other costs directly attributable to bringing the assets to a working condition for their intended use, the costs of dismantling and removing the items and restoring the site on which they are located, and capitalised borrowing costs. Purchased software that is integral to the functionality of the related equipment is capitalised as part of that equipment.\n \n \n When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items for each major components of property, plant and equipment.\n \n \n Gains or losses on disposal of an item of property, plant and equipment are determined by comparing the proceeds from disposal with the carrying amount of property, plant and equipment, and are recognised net in the statement of profit or loss.\n Subsequent costs \n The cost of replacing a part of an item of property, plant and equipment is recognised in the carrying amount of the item if it is probable that the future economic benefits embodied within the part will flow to the Group and the Company, and its cost can be measured reliably. The carrying amount of the replaced part is derecognised. The costs of the day-to-day servicing of property, plant and equipment are recognised in the statement of profit or loss as incurred.\n Depreciation \n Depreciation is calculated based on the depreciable amount, which is the cost of plant and equipment, or other amount substituted for cost, less its residual value.\n \n \n Depreciation is recognised in the statement of profit or loss on a straight-line basis over the estimated useful lives of each component of an item of property, plant and equipment. The estimated useful lives are as follows:\n \n \n Land improvements\n \n \n 10 - 30\n \n \n years\n \n \n Buildings and building improvements\n \n \n 5 - 30\n \n \n years\n \n \n Leasehold building improvements\n \n \n 5, 10\n \n \n years\n \n \n Computer, computer equipment, tools and equipment\n \n \n 3 - 30\n \n \n years\n \n \n Furniture, fixtures and office equipment\n \n \n 2 - 20\n \n \n years\n \n \n Vehicles\n \n \n 5\n \n \n years\n \n \n The Group and the Company have no depreciation provided on freehold land and assets under construction and installation.\n \n \n Depreciation methods, useful lives and residual values are reviewed at each financial year-end and adjusted if appropriate.\n \n \n 0. Right-of-use assets and lease liabilities \n The Group and the Company as lessee \n The Group and the Company assess whether a contract is or contains a lease, at inception of the contract. The Group and the Company recognise a right-of-use asset and corresponding lease liability with respect to all lease arrangements in which it is the lease, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets. For these leases, the Group and the Company recognise the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed.\n \n \n The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Group and the Company use its incremental borrowing rate.\n \n \n \n Lease payments included in the measurement of the lease liability comprise:\n \n \n · Fixed lease payments (including in-substance fixed payments), less any lease incentives receivable;\n \n \n · Variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date;\n \n \n · The amount expected to be payable by the lease under residual value guarantees;\n \n \n · The exercise price of purchase options, if the lease is reasonably certain to exercise the options; and\n \n \n · Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease.\n \n \n The lease liability is presented as a separate line in the consolidated statement of financial position and the separate statement of financial position.\n \n \n The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made.\n \n \n The Group and the Company remeasure the lease liability (and make a corresponding adjustment to the related right-of-use asset) whenever:\n \n \n · The lease term has changed or there is a significant event or change in circumstances resulting in a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate.\n \n \n · The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a yield interest rate, in which case a revised discount rate is used).\n \n \n · A lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification.\n \n \n The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses.\n \n \n Whenever the Group and the Company incur an obligation for costs to dismantle and remove a leased asset, restore the site on which it is located or restore the underlying asset to the condition required by the terms and conditions of the lease, a provision is recognised and measured under TAS 37. To the extent that the costs relate to a right-of-use asset, the costs are included in the related right-of-use asset, unless those costs are incurred to produce inventories.\n \n \n Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Group and the Company expect to exercise a purchase option, the related right-of-use is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease.\n \n \n \n Depreciation of right-of-use assets is calculated by reference to their costs on a straight-line basis over the shorter of the lease term and the estimated useful lives as follows:\n \n \n Land and buildings\n \n \n 1 - 15\n \n \n years\n \n \n Spectrum licenses\n \n \n 6\n \n \n years\n \n \n Leasehold for towers\n \n \n 9\n \n \n years\n \n \n Equipment for telecom\n \n \n 1 - 15\n \n \n years\n \n \n Office buildings\n \n \n 1 - 5\n \n \n years\n \n \n Vehicles\n \n \n 1 - 5\n \n \n years\n \n \n Computer and computer equipment\n \n \n 3\n \n \n years\n \n \n The right-of-use assets are presented as a separate line in the consolidated statement of financial position and the separate statement of financial position.\n \n \n The Group and the Company applied TAS 36 to determine whether a right-of-use asset is impaired and accounts for any identified impairment loss as described in the \"Property, Plant and Equipment\" policy.\n \n \n Variable rents that do not depend on an index or rate are not included in the measurement of the lease liability and the right-of-use asset. The related payments are recognised as an expense in the period in which the event or condition that triggers those payments occurs and are included in the line \"Cost of rendering of service and administrative expense\" in profit or loss.\n \n \n As a practical expedient, TFRS 16 permits a lessee not to separate non-lease components, and instead account for any lease and associated non-lease components as a single arrangement. The Group and the Company have used this practical expedient.\n The Group as lessor \n The Group enters into lease agreements as a lessor with respect to some of space and equipment.\n \n \n Leases for which the Group is a lessor are classified as finance or operating leases. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases.\n \n \n When the Group is an intermediate lessor, it accounts for the head lease and the sub-lease as two separate contracts. The sub-lease is classified as a finance lease or operating lease by reference to the right-of-use asset arising from the head lease.\n \n \n Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.\n \n \n Amounts due from lessees under finance leases are recognised as receivables at the amount of the Group's net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the Group net investment outstanding in respect of the leases.\n \n \n When a contract includes both lease and non-lease components, the Group applies TFRS 15 revenue from contracts with customers to allocate the consideration under the contract to each component.\n \n 0. Intangible assets \n Goodwill \n Goodwill that arises upon the acquisition of subsidiaries is included in intangible assets. The measurement of goodwill at initial recognition is described in Note 3(a). Subsequent to initial recognition, goodwill is measured at cost less impairment losses. In respect of equity-accounted investees, the carrying amount of goodwill is included in the carrying amount of the investment.\n Spectrum licenses \n Spectrum licenses are measured at the cash equivalent price based on the present value of the installments. The difference between the total payment to be made and the cash equivalent price is recognised as finance cost over the license fee payment period, with the cost being amortised starting on the effective date of the license.\n Other intangible assets \n Other intangible assets are consist of customer relationship, customer contracts, fibre optics licenses and software licenses which are acquired by the Group and the Company, which have finite useful lives, are measured at cost less accumulated amortisation and impairment losses (if any).\n Subsequent expenditure \n Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure, including expenditure on internally generated goodwill and brands, is recognised in the statement of profit or loss.\n Amortisation \n Amortisation is based on the cost of the asset, or other amount substituted for cost, less its residual value.\n \n \n Amortisation is recognised in the statement of profit or loss on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use, since this most closely reflects the expected pattern of consumption of the future economic benefits embodied in the asset.\n \n \n The estimated useful lives are as follows:\n \n \n Spectrum licenses\n \n \n Over the license period\n \n \n Customer relationships\n \n \n 5 - 8 years\n \n \n Customer contracts\n \n \n 5 years\n \n \n Fibre optics licenses\n \n \n Over the remaining agreement period\n \n \n Software licenses\n \n \n 3 - 10 years\n \n \n The Group and the Company have no amortisation provided on assets under installation.\n \n \n Amortisation methods, useful lives and residual values are reviewed at each financial year-end and adjusted if appropriate.\n \n \n The amortisation of spectrum licenses is included in cost of rendering of services and equipment rentals and other intangible assets is included in administrative expenses. \n 0. Other assets \n Deferred charges \n Deferred charges represent international circuit and cost of motion picture production, and are stated at cost less accumulated amortisation and impairment losses (if any).\n Amortisation \n Amortisation is based on the cost of the asset, or other amount substituted for cost, less its residual value.\n \n \n Amortisation is recognised in the statement of profit or loss on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use, since this most closely reflects the expected pattern of consumption of the future economic benefits embodied in the asset.\n \n \n The estimated useful lives are as follows:\n \n \n International circuit\n \n \n Over the agreement period\n \n \n Cost of motion picture production\n \n \n Over the agreement period\n \n \n 0. Impairment \n The carrying amounts of the Group's and the Company's assets are reviewed at the end of the reporting period to determine whether there is any indication of impairment. If any such indication exists, the assets' recoverable amounts are estimated. For goodwill that has indefinite useful lives, the recoverable amount is estimated each year at the same time.\n \n \n An impairment loss is recognised if the carrying amount of an asset or its cash-generating unit exceeds its recoverable amount. The impairment loss is recognised in the statement of profit or loss.\n Calculation of recoverable amount \n The recoverable amount of a non-financial asset is the greater of the assets' value in use or fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For an asset that does not generate cash inflows largely independent of those from other assets, the recoverable amount is determined for the cash-generating unit to which the asset belongs.\n Reversals of impairment \n An impairment loss in respect of goodwill is not reversed.\n \n \n An impairment loss in respect of a financial asset is reversed if the subsequent increase in recoverable amount can be related objectively to an event occurring after the impairment loss was recognised in the statement of profit or loss.\n \n \n Impairment losses recognised in prior periods in respect of other non-financial assets are assessed at the end of the reporting period for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset's carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised.\n \n 0. Interest-bearing liabilities \n Interest-bearing liabilities are recognised initially at fair value less attributable transaction charges. Subsequent to initial recognition, interest-bearing liabilities are stated at amortised cost with any difference between cost and redemption value being recognised in the statement of profit or loss over the period of the borrowings on an effective interest basis.\n \n \n 0. Trade and other current payables \n Trade and other current payables are stated at cost.\n \n \n 0. Employee benefits \n Provident fund \n The Group and the Company had a provident fund which is a defined contribution plan. The fund's asset of the provident fund is separated from the Group's and the Company's asset and has been managed by a licensed fund manager. The provident fund receives a cash contribution from employee and the related Group and the Company. The contribution expenditure of the provident fund is recognised as expense in the statement of profit or loss of the reporting period that transaction occurred.\n Post-employment benefit and long-term service award \n The provision in respect of post-employment benefits that provide compensation according to labour law and long-term service award are recognised in the Group's and the Company's financial statements based on calculations by a qualified actuary using the projected unit credit method.\n \n \n The Group and the Company recognised all gains (losses) on remeasurements of defined benefit plans arising from provisions for employee benefit in statement of profit or loss and other comprehensive income and all expenses related to provisions for employee benefit in the statement of profit or loss.\n Termination benefits \n Termination benefits are recognised as an expense in the statement of profit or loss when the Group and the Company are committed demonstrably, without realistic possibility of withdrawal, to a formal detailed plan to either terminate employment before the normal retirement date, or to provide termination benefits as a result of an offer made to encourage voluntary redundancy or the Group and the Company have made an offer of voluntary redundancy, it is probable that the offer will be accepted, and the number of acceptances can be estimated reliably. If benefits are payable more than 12 months after the end of the reporting period, then they are discounted to their present value.\n Short-term employee benefits \n Short-term employee benefit obligations are measured on an undiscounted basis and are recognised as an expense in the statement of profit or loss as the related service is provided.\n \n \n A liability is recognised for the amount expected to be paid under short-term cash bonus or profit sharing plans if the Group and the Company have a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and the obligation can be estimated reliably.\n \n \n \n 0. Provisions \n A provision is recognised if, as a result of a past event, the Group and the Company have a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.\n \n \n 0. Recognition of revenue and expense \n Revenue recognition \n Revenue is measured at the fair value of the standalone selling price of each performance obligation in contracts.\n \n \n Revenue from sale of goods is recognised in the statement of profit or loss when control is passed to the buyer.\n \n \n Revenue from rendering of mobile phone service, internet service and other services are recognised when the services are transferred to customers.\n \n \n Revenue from design contract and installation of internet network, computer and communication (\"ICT\") is recognised based on the percentage of completion at the end of reporting period and in the period which the services were provided.\n \n \n Revenue from contracts with multiple elements are allocated by fair value of standalone selling price in each performance obligation. In case of contracts have both obligations to perform at point of time and overtime, difference from revenue recognition and performance obligations at the beginning of contracts is recognised as contract assets or contract liabilities and recognised over the contracts periods.\n \n \n Contract assets are stated at net book value after allowance for terminated contracts.\n \n \n Allowance for terminated contracts is primarily assessed on analysis of payment histories, future expectations of customer payments and cancellation contracts history. Contract assets will be written off when contracts are cancelled.\n Rental income \n Rental income from rental equipment is recognised in the statement of profit or loss and on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income.\n Interest income \n Interest income is recognised in the statement of profit or loss on the accrual basis.\n Expense \n Expense is recognised in the statement of profit or loss on the accrual basis.\n \n \n \n 0. Finance costs \n Finance costs comprise interest expense on borrowings, unwinding of the discount on provisions and contingent consideration, fair value losses on financial assets at fair value through the statement of profit or loss, impairment losses recognised on financial assets (other than trade receivables), and losses on hedging instruments that are recognised in the statement of profit or loss.\n \n \n Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in the statement of profit or loss using the effective interest method.\n \n \n 0. Tax expenses \n Tax expense for the year comprises current and deferred tax. Current and deferred tax are recognised in the statement of profit or loss except to the extent that they relate to a business combination, or items recognised directly in shareholders' equity or in other comprehensive income.\n \n \n Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted and any tax adjustment items in respect of previous years.\n \n \n Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognised for the following temporary differences: the initial recognition of goodwill; the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss; and differences relating to investments in subsidiaries to the extent that it is probable that they will not reverse in the foreseeable future.\n \n \n The measurement of deferred tax reflects the tax consequences that would follow the manner in which the Group and the Company expect, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.\n \n \n Deferred tax is measured at the tax rates that are expected to be applied to the temporary differences when they adjust, using tax rates enacted or substantively enacted at the end of the reporting period.\n \n \n In determining the amount of current and deferred tax, the Group and the Company take into account the impact of uncertain tax positions and whether additional taxes and interest may be due. The Group and the Company believe that its accruals for tax liabilities are adequate for all open tax years based on its assessment of many factors, including interpretations of tax law and prior experience. This assessment relies on estimates and assumptions and may involve a series of judgements about future events. New information may become available that causes the Group and the Company to change its judgement regarding the adequacy of existing tax liabilities; such changes to tax liabilities will impact tax expense in the reporting period that such a determination is made.\n \n \n Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.\n \n \n Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which the temporary differences can be utilised. Deferred tax assets are reviewed at the end of the reporting period and reduced to the extent that it is no longer probable that the related tax benefit will be realised.\n \n 0. Earnings per share \n The Group and the Company present basic and diluted earnings per share (EPS) data for its ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Group and the Company by the weighted average number of ordinary shares outstanding during the year, adjusted for own shares held. Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding adjusted with own shares held and the effects of all dilutive potential ordinary shares.\n \n \n 0. Segment financial information \n Segment results that are reported to the Group's chief operating decision maker include items directly attributable to a segment as well as those that can be allocated on a reasonable basis.\n \n \n 0. Fair value measurements \n Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, regardless of whether that price is directly observable or estimated using another valuation technique. In estimating the fair value of an asset or a liability, the Group and the Company take into account the characteristics of the asset or liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date. Fair value for measurement and/or disclosure purposes in these financial statements are determined on such basis.\n \n \n In addition, fair value measurements are categorised into Level 1, 2 or 3 based on the degree to which the inputs to the fair value measurements are observable and the significance of the inputs to the fair value measurement in its entirely, which are described as follows:\n \n \n - Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.\n \n \n - Level 2 inputs are inputs, other than quoted prices included within Level 1, which are observable for the asset or liability, either directly or indirectly.\n \n \n - Level 3 inputs are unobservable inputs for the asset or liability.\n \n \n \n 4. CASH AND CASH EQUIVALENTS \n Cash and cash equivalents as at December 31, are as follows:\n Unit: Million Baht \n Notes \n Consolidated \n Separate \n financial statements \n financial statements \n 2025 \n 2024 \n 2025 \n 2024 \n Cash on hand\n \n \n 16\n \n \n 13\n \n \n -\n \n \n 1\n \n \n Cash at bank - current accounts\n \n \n 30\n \n \n 3,112\n \n \n 3,742\n \n \n 10\n \n \n 16\n \n \n Cash at bank - savings accounts\n \n \n 30\n \n \n 22,674\n \n \n 19,295\n \n \n 1,622\n \n \n 3,712\n \n \n Cash at bank - fixed accounts\n \n \n not exceeding 3 months\n \n \n 23\n \n \n 137\n \n \n -\n \n \n -\n \n \n 25,825\n \n \n 23,187\n \n \n 1,632\n \n \n 3,729\n Less Specifically - designated\n \n \n bank deposits\n \n \n 5\n \n \n (471)\n \n \n (580)\n \n \n -\n \n \n -\n Total \n 25,354\n \n \n 22,607\n \n \n 1,632\n \n \n 3,729\n \n \n As at December 31, 2025, the effective interest rate of the Group and the Company on cash and cash equivalents are 0.00% - 1.32% and 0.04% - 1.32% per annum, respectively (as at December 31, 2024: 0.00% - 1.80% and 0.04% - 1.80% per annum, respectively).\n \n \n 5. SPECIFICALLY-DESIGNATED BANK DEPOSITS \n In order to comply with the Notification of the Bank of Thailand applicable to the electronic cash card business, the subsidiaries held deposits at call with banks not less than to the subsidiaries' outstanding balance of advance received from customers which cannot be used for other purposes apart from payments to service providers in the consolidated financial statements as at December 31, 2025 amounting to Baht 471 million (as at December 31, 2024 : amounting to Baht 580 million).\n \n \n \n 6. TRADE AND OTHER CURRENT RECEIVABLES \n Trade and other current receivables as at December 31, are as follows:\n Unit: Million Baht \n Notes \n Consolidated \n Separate \n financial statements \n financial statements \n 2025 \n 2024\n \n \n 2025\n 2024 \n Trade receivables \n Related parties\n \n \n 29\n \n \n Trade receivables\n \n \n 246\n \n \n 293\n \n \n 76\n \n \n 47\n \n \n Accrued income\n \n \n 36\n \n \n 90\n \n \n -\n \n \n 671\n \n \n 282\n \n \n 383\n \n \n 76\n \n \n 718\n \n \n Other parties\n \n \n Trade receivables\n \n \n 10,755\n \n \n 12,659\n \n \n 10\n \n \n 10\n \n \n Accrued income\n \n \n 6,465\n \n \n 6,325\n \n \n -\n \n \n -\n \n \n 17,220\n \n \n 18,984\n \n \n 10\n \n \n 10\n Total trade receivables \n 17,502\n \n \n 19,367\n \n \n 86\n \n \n 728\n Less Allowance for expected credit losses\n \n \n (1,938)\n \n \n (1,745)\n \n \n (9)\n \n \n (9)\n Trade receivables - net \n 15,564\n \n \n 17,622\n \n \n 77\n \n \n 719\n Other current receivables \n Prepaid expense\n \n \n 29\n \n \n 1,975\n \n \n 1,016\n \n \n 18\n \n \n 21\n \n \n Value-added tax receivable\n \n \n 168\n \n \n 47\n \n \n -\n \n \n 2\n \n \n Others\n \n \n 29\n \n \n 209\n \n \n 231\n \n \n 236\n \n \n 403\n Total other current receivables \n 2,352\n \n \n 1,294\n \n \n 254\n \n \n 426\n Total trade and other current receivables \n 17,916\n \n \n 18,916\n \n \n 331\n \n \n 1,145\n \n \n \n Aging analysis for trade receivables are as follows:\n Unit: Million Baht \n Consolidated \n Separate \n financial statements \n financial statements \n 2025\n \n \n 2024\n \n \n 2025\n \n \n 2024\n Related parties \n Current - overdue 3 months\n \n \n 280\n \n \n 381\n \n \n 75\n \n \n 717\n \n \n Overdue 3 - 6 months\n \n \n 1\n \n \n -\n \n \n -\n \n \n -\n \n \n Overdue 6 - 12 months\n \n \n -\n \n \n 1\n \n \n -\n \n \n -\n \n \n Overdue over 12 months\n \n \n 1\n \n \n 1\n \n \n 1\n \n \n 1\n \n \n 282\n \n \n 383\n \n \n 76\n \n \n 718\n Other parties \n Current - overdue 3 months\n \n \n 16,338\n \n \n 17,910\n \n \n -\n \n \n -\n \n \n Overdue 3 - 6 months\n \n \n 541\n \n \n 616\n \n \n -\n \n \n -\n \n \n Overdue 6 - 12 months\n \n \n 139\n \n \n 189\n \n \n -\n \n \n -\n \n \n Overdue over 12 months\n \n \n 202\n \n \n 269\n \n \n 10\n \n \n 10\n \n \n 17,220\n \n \n 18,984\n \n \n 10\n \n \n 10\n Less Allowance for expected credit losses\n \n \n (1,938)\n \n \n (1,745)\n \n \n (9)\n \n \n (9)\n \n \n 15,282\n \n \n 17,239\n \n \n 1\n \n \n 1\n Trade receivables - net \n 15,564\n \n \n 17,622\n \n \n 77\n \n \n 719\n \n \n The normal credit term granted by the Group and the Company ranges from 14 days to 120 days.\n \n \n The following table shows the movement in lifetime expected credit losses that has been recognised for trade receivables by collectively assessed in accordance with the simplified approach set out in TFRS 9.\n Unit: Million Baht \n Consolidated \n Separate \n financial statements \n financial statements \n 2025 \n 2024 \n 2025 \n 2024 \n Balance as at January 1, \n (1,745)\n \n \n (1,975)\n \n \n (9)\n \n \n (9)\n \n \n Expected credit losses\n \n \n (2,058)\n \n \n (2,098)\n \n \n -\n \n \n -\n \n \n Amounts written off\n \n \n 1,702\n \n \n 2,154\n \n \n (2)\n \n \n (2)\n \n \n Amounts recovered\n \n \n 163\n \n \n 174\n \n \n 2\n \n \n 2\n Balance as at December 31, \n (1,938)\n \n \n (1,745)\n \n \n (9)\n \n \n (9)\n \n \n \n 7. CONTRACT ASSETS \n Contract assets as at December 31 are as follows: (Separate financial statements : nil)\n Unit: Million Baht \n Consolidated \n financial statements \n 2025\n \n \n 2024\n Current assets \n Sales of device and monthly service contract\n \n \n 3,008\n \n \n 2,747\n Less Allowance for expected credit losses\n \n \n (71)\n \n \n (68)\n Contract assets - net \n 2,937\n \n \n 2,679\n \n \n (Reversal of) loss on termination of contract assets\n \n \n for the year ended December 31,\n \n \n (101)\n \n \n 7\n \n \n Contract assets are from sales of devices and monthly service contracts with customers. The contract assets arise from price allocations to device sales which are recognised as revenues at the point in time when the Group transfers control of the device to customers. Contract assets will decrease as monthly service payments are received. Monthly network services are recognised as revenues over time or a percentage of completion basis.\n \n \n Contract assets in respect of contracts which are terminated or expected to be terminated before the end of the contract period are reduced and recognised as loss on terminated of contract assets.\n \n \n The following table shows the movement in lifetime expected credit losses that has been recognised for contract assets in accordance with the simplified approach set out in TFRS 9 (Separate financial statements : nil).\n Unit: Million Baht \n Consolidated \n financial statements \n 2025 \n 2024 \n Balance as at January 1, \n (68)\n \n \n (44)\n \n \n Expected credit losses\n \n \n (3)\n \n \n (24)\n Balance as at December 31, \n (71)\n \n \n (68)\n \n \n 8. INVENTORIES \n Inventories as at December 31, are as follows:\n Unit: Million Baht \n Consolidated \n financial statements \n 2025\n \n \n 2024\n \n \n Finished goods\n \n \n 3,587\n \n \n 4,585\n \n \n Spare parts for network maintenance\n \n \n 520\n \n \n 482\n Inventories - net \n 4,107\n \n \n 5,067\n \n \n The Group reversed expenses and recognised expense in respect of allowance for obsolescence and decline in value of inventory for the year ended December 31, 2025 and 2024 in consolidated financial statements of Baht 52 million and Baht 158 million, respectively (Separate financial statements: nil).\n \n \n 9. INVESTMENTS IN SUBSIDIARIES \n Movements in investments in subsidiaries for the years ended December 31, are as follows:\n Unit: Million Baht \n Separate \n financial statements \n 2025 \n 2024 \n Subsidiaries \n Balance as at January 1,\n \n \n 93,577\n \n \n 67,506\n \n \n Dividends received during the years\n \n \n (10,591)\n \n \n (6,910)\n \n \n Disposal of investment in a subsidiary\n \n \n (1)\n \n \n -\n \n \n Share of profit of subsidiaries accounted for using equity method\n \n \n 46,025\n \n \n 33,208\n \n \n Share of other comprehensive gain (loss) of\n \n \n subsidiaries accounted for using equity method\n \n \n (341)\n \n \n (227)\n As at December 31, \n 128,669\n \n \n 93,577\n \n \n 2\n \n \n Investments in subsidiaries as at December 31 and dividend received for the years then ended, are as follows:\n Unit : Million Baht \n Separate financial statements \n Ownership interest \n Paid-up capital \n Cost \n Investment as equity method \n Dividend received \n for the years \n 2025 \n 2024 \n 2025 \n 2024 \n 2025 \n 2024 \n 2025 \n 2024 \n 2025 \n 2024 \n %\n Subsidiaries \n Advanced Contact Center Company Limited\n \n \n 99.99\n \n \n 99.99\n \n \n 272\n \n \n 272\n \n \n 811\n \n \n 811\n \n \n 435\n \n \n 437\n \n \n 47\n \n \n 67\n \n \n Digital Phone Company Limited\n \n \n 98.55\n \n \n 98.55\n \n \n 914\n \n \n 914\n \n \n 10,226\n \n \n 10,226\n \n \n 4,291\n \n \n 4,255\n \n \n -\n \n \n -\n \n \n Advanced Magic Card Company Limited\n \n \n 99.99\n \n \n 99.99\n \n \n 250\n \n \n 250\n \n \n 250\n \n \n 250\n \n \n 282\n \n \n 281\n \n \n -\n \n \n -\n \n \n Advanced Mpay Company Limited\n \n \n 99.99\n \n \n 99.99\n \n \n 300\n \n \n 300\n \n \n 336\n \n \n 336\n \n \n 1,074\n \n \n 1,045\n \n \n 732\n \n \n 985\n \n \n AIN GlobalComm Company Limited\n \n \n 99.99\n \n \n 99.99\n \n \n 100\n \n \n 100\n \n \n 100\n \n \n 100\n \n \n 127\n \n \n 124\n \n \n -\n \n \n -\n \n \n Advanced Wireless Network Company Limited\n \n \n 99.99\n \n \n 99.99\n \n \n 1,350\n \n \n 1,350\n \n \n 1,485\n \n \n 1,485\n \n \n 104,690\n \n \n 68,399\n \n \n -\n \n \n -\n \n \n Super Broadband Network Company Limited\n \n \n 99.99\n \n \n 99.99\n \n \n 300\n \n \n 300\n \n \n 300\n \n \n 300\n \n \n 1,837\n \n \n 2,603\n \n \n 3,390\n \n \n 3,738\n \n \n AIS Digital Life Company Limited\n \n \n 99.99\n \n \n 99.99\n \n \n 50\n \n \n 50\n \n \n 50\n \n \n 50\n \n \n (449)\n \n \n (234)\n \n \n -\n \n \n -\n \n \n Fax Lite Company Limited\n \n \n 99.98\n \n \n 99.98\n \n \n 1\n \n \n 1\n \n \n 1\n \n \n 1\n \n \n 10,936\n \n \n 12,445\n \n \n 6,347\n \n \n 2,063\n \n \n MIMO Tech Company Limited\n \n \n 99.99\n \n \n 99.99\n \n \n 50\n \n \n 50\n \n \n 50\n \n \n 50\n \n \n 4,945\n \n \n 3,828\n \n \n -\n \n \n -\n \n \n Advanced Broadband Network Company Limited\n \n \n 99.99\n \n \n 99.99\n \n \n 100\n \n \n 100\n \n \n 100\n \n \n 100\n \n \n 404\n \n \n 352\n \n \n 40\n \n \n 25\n \n \n Advanced Digital Distribution Company Limited\n \n \n 99.99\n \n \n 99.99\n \n \n 5\n \n \n 5\n \n \n 5\n \n \n 5\n \n \n 41\n \n \n 29\n \n \n 4\n \n \n -\n \n \n LearnDi Company Limited\n \n \n 99.99\n \n \n 99.99\n \n \n 1\n \n \n 1\n \n \n 1\n \n \n 1\n \n \n 74\n \n \n 39\n \n \n 31\n \n \n 32\n \n \n AIS DC Venture Company Limited\n \n \n 99.97\n \n \n 99.97\n \n \n 1\n \n \n 1\n \n \n 1\n \n \n 1\n \n \n (18)\n \n \n (27)\n \n \n -\n \n \n -\n \n \n G-AIS Company Limited\n \n \n (Formerly : AIS Broadband Company Limited) 1\n \n \n -\n \n \n 99.98\n \n \n -\n \n \n 1\n \n \n -\n \n \n 1\n \n \n -\n \n \n 1\n \n \n -\n \n \n -\n Total \n 13,716\n \n \n 13,717\n \n \n 128,669\n \n \n 93,577\n \n \n 10,591\n \n \n 6,910\n \n \n 1 See note 10\n \n \n 10. INVESTMENTS IN ASSOCIATES AND JOINT VENTURES \n Movements in investment in associates in the consolidated and separate financial statements for the years ended December 31, are as follows:\n Unit: Million Baht \n Consolidated \n financial statements \n 2025 \n 2024 \n As at January 1,\n \n \n 12,136\n \n \n 12,218\n \n \n Share of profit of associates accounted for using equity method\n \n \n 842\n \n \n 982\n \n \n Dividends received during the years\n \n \n (452)\n \n \n -\n \n \n Acquisition of investments in associates\n \n \n 494\n \n \n 174\n \n \n Unrealised intercompany gain from sale investment\n \n \n -\n \n \n (27)\n \n \n Disposal of investment in associate\n \n \n -\n \n \n (147)\n \n \n Capital reduction of investments in associate\n \n \n (486)\n \n \n (1,064)\n As at December 31, \n 12,534\n \n \n 12,136\n Separate \n financial statements \n 2025 \n 2024 \n As at January 1,\n \n \n 11,708\n \n \n 11,772\n \n \n Share of profit of associate accounted for using equity method\n \n \n 1,072\n \n \n 1,000\n \n \n Dividends received during the years\n \n \n (444)\n \n \n -\n \n \n Acquisition of investment in associate\n \n \n 195\n \n \n -\n \n \n Capital reduction of investment in associate\n \n \n (486)\n \n \n (1,064)\n As at December 31, \n 12,045\n \n \n 11,708\n \n \n Advanced Info Service Public Company Limited (\"The Company\")\n \n \n · On February 20, 2024, Jasmine Broadband Internet Infrastructure Fund (\"JASIF\"), an associate was renamed 3BB Internet Infrastructure Fund (\"3BBIF\").\n \n \n · During the year ended December 31, 2025, the Company received a capital reduction from 3BBIF, totalling Baht 486 million (2024: Baht 1,064 million). As at December 31, 2025, the Company held 19% of 3BBIF's units.\n \n \n GSA Data Centre Company Limited (\"GSADC\")\n \n \n On December 18 2024, AIS DC Venture Co., Ltd. (\"AISDC\"), a subsidiary, sold all ordinary shares in GSADC at the total number of 3,937,500 shares or equivalent to 25% of all the total issued and paid-up shares of GSADC to GSA Holdings Company Limited (\"GSAHLD\"), an associated of AIS, at Baht 44.03 per share, totaling Baht 174 million.\n \n \n GSA Holdings Company Limited (\"GSAHLD\")\n \n \n On December 12, 2024, AIS DC Venture Co., Ltd. (\"AISDC\"), a subsidiary, entered into an agreement with Gulf Edge Co., Ltd. and Nexra TH Pte Ltd., to invest in GSA Holdings Co., Ltd. (\"GSAHLD\"). The registered capital of GSADC is 10,000 ordinary shares with a par value of Baht 100 each, totalling Baht 1 million. AISDC invested in a total of 2,500 of GSAHLD's shares, AISDC made fully payment of Baht 100 per share, or Baht 0.25 million.\n \n \n On December 18, 2024, GSAHLD issued 15,750,000 additional ordinary shares with a par value of Baht 100 each, totalling Baht 1,575 million which have been partial paid up at Baht 44.03 per share. AISDC invested in 3,937,500 of GSAHLD's additional shares, totalling Baht 174 million.\n \n \n On September 25, 2025, GSA Holding Co., Ltd.(\"GSAHLD\") issued 39,610,000 additional shares with a par value of Baht 100 each with paid-up Baht 30.20 each. AIS DC Venture Co., Ltd. (\"AISDC\"), a subsidiary, invested in 9,902,500 shares of GSAHLD's additional ordinary shares with paid-up Baht 30.20 each, totalling Baht 299.06 million. As at December 31, 2025, AISDC held 25% of GSAHLD's shares.\n \n \n Thai Trinity Holding Company Limited (\"TTYH\")\n \n \n On June 19, 2025, the Company and it's business partners which are Krungthai Bank Public Company Limited (\"KTB\") and PTT Oil and Retail Business Public Company Limited (\"PTTOR\") obtained the approval for the establishment of a virtual bank from the Minister of Finance.\n \n \n On July 9, 2025, the Company established a new holding company, Thai Trinity Holding Company Limited (\"TTYH\") with KTB and PTTOR. The registered capital of TTYH is 5 million ordinary shares with a par value of Baht 10 each, totalling Baht 50 million. The Company invested in a total of 1.95 million of TTYH's shares. The Company made a full payment of Baht 10 per share, totalling Baht 19.50 million or 39% of TTYH's shares.\n \n \n On August 8, 2025, the Company and its business partners jointly established Clicx Bank Public Company Limited (\"Clicx\") to operate a virtual bank business that TTYH have held the ordinary shares. Clicx issued 50 million ordinary shares with a par value of Baht 10 each, totalling Baht 500 million.\n \n \n On August 25, 2025, TTYH issued 45 million additional ordinary shares with a par value of Baht 10 each, totalling Baht 450 million. The company invested in 17.55 million shares of TTYH's ordinary shares, totalling Baht 175.50 million. As at December 31, 2025, TTYH held 99.99% of total shares.\n \n \n \n Movements in investment in joint ventures in the consolidated financial statements for the years ended December 31, are as follows:\n Unit: Million Baht \n Consolidated \n financial statements \n 2025 \n 2024 \n As at January 1,\n \n \n 276\n \n \n 232\n \n \n Dividends received during the years\n \n \n (30)\n \n \n (26)\n \n \n Increase in investment in joint venture\n \n \n 100\n \n \n -\n \n \n Share of profit of joint ventures accounted for using equity method\n \n \n 82\n \n \n 70\n As at December 31, \n 428\n \n \n 276\n Unit: Million Baht \n Separate \n financial statements \n 2025 \n 2024 \n As at January 1,\n \n \n -\n \n \n -\n \n \n Transfer of investment in subsidiary to joint venture\n \n \n 1\n \n \n -\n \n \n Increase in investment in joint venture\n \n \n 100\n \n \n -\n \n \n Share of profit of joint ventures accounted for using equity method\n \n \n 1\n \n \n -\n As at December 31, \n 102\n \n \n -\n \n \n G-AIS Company Limited (Formerly : AIS Broadband Company Limited)\n \n \n During the year, the Company disposed of 5,000 ordinary shares of AIS Broadband Co., Ltd. (\"AISBB\") to the noncontrolling interests at a price of Baht 100 per share, for total consideration of Baht 0.50 million. The transaction reduced the Company's equity interest in AISBB from 99.99% to 50%. Consequently, the Company no longer retained control over AISBB, and the investment was reclassified from a subsidiary to a joint venture.\n \n \n On August 8, 2025, AIS Broadband Co., Ltd. (\"ABB\"), a joint venture, was renamed G-AIS Co., Ltd. (\"G-AIS\")\n \n \n On October 10, 2025, G-AIS issued 1,990,000 additional ordinary shares with a par value of Baht 100 each, totalling Baht 199 million. The Company invested in 995,000 shares with a par value of Baht 100 of G-AIS's additional shares, totalling Baht 99.5 million, fully paid. As at December 31, 2025, the proportion of G-AIS's shares held in 50% of total shares.\n ADVANCED INFO SERVICE PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES \n notes to the financial statements \n FOR THE YEAR ENDED DeceMBER 31, 2025 \n 2\n \n \n Investments in associates and joint ventures as at December 31, and dividend income from those investments for the years then ended are as follows:\n Unit: Million Baht \n Consolidated financial statements \n % of ownership interest \n Paid-up capital \n Cost \n Equity \n Dividend received \n for the years \n 2025 \n 2024 \n 2025 \n 2024 \n 2025 \n 2024 \n 2025 \n 2024 \n 2025 \n 2024 \n Associates \n Information Highway Co., Ltd.\n \n \n 29\n \n \n 29\n \n \n 50\n \n \n 50\n \n \n 15\n \n \n 15\n \n \n 62\n \n \n 59\n \n \n 8\n \n \n -\n \n \n Choco Card Enterprise Co., Ltd.\n \n \n 17.35\n \n \n 17.35\n \n \n 7\n \n \n 7\n \n \n 22\n \n \n 178\n \n \n 22\n \n \n 151\n \n \n -\n \n \n -\n \n \n Datafarm Co., Ltd.\n \n \n 25\n \n \n 25\n \n \n 7\n \n \n 7\n \n \n 12\n \n \n 29\n \n \n 12\n \n \n 37\n \n \n -\n \n \n -\n \n \n Swift Dynamics Co., Ltd.\n \n \n 16.67\n \n \n 16.67\n \n \n 4\n \n \n 4\n \n \n 5\n \n \n 32\n \n \n 6\n \n \n 34\n \n \n -\n \n \n -\n \n \n 3BB Internet Infrastructure Fund\n \n \n 19\n \n \n 19\n \n \n 67,244\n \n \n 69,804\n \n \n 10,078\n \n \n 10,564\n \n \n 11,850\n \n \n 11,708\n \n \n 444\n \n \n -\n \n \n GSA Holdings Company Limited\n \n \n 25\n \n \n 25\n \n \n 1,891\n \n \n 694\n \n \n 473\n \n \n 174\n \n \n 387\n \n \n 147\n \n \n -\n \n \n -\n \n \n Thai Trinity Holding Company Limited\n \n \n 39\n \n \n -\n \n \n 500\n \n \n -\n \n \n 195\n \n \n -\n \n \n 195\n \n \n -\n \n \n -\n \n \n -\n Joint ventures \n Amata Network Co., Ltd.\n \n \n 60\n \n \n 60\n \n \n 100\n \n \n 100\n \n \n 60\n \n \n 60\n \n \n 295\n \n \n 249\n \n \n 30\n \n \n 26\n \n \n Saha Advance Network Co., Ltd.\n \n \n 70\n \n \n 70\n \n \n 30\n \n \n 30\n \n \n 21\n \n \n 21\n \n \n 32\n \n \n 27\n \n \n -\n \n \n -\n \n \n G-AIS Co.,Ltd. (Formerly:\n \n \n AIS Broadband Co., Ltd.)\n \n \n 50\n \n \n -\n \n \n 200\n \n \n -\n \n \n 100\n \n \n -\n \n \n 101\n \n \n -\n \n \n -\n \n \n -\n Separate financial statements \n % of ownership interest \n Paid-up capital \n Cost \n Equity \n Dividend received \n for the years \n 2025 \n 2024 \n 2025 \n 2024 \n 2025 \n 2024 \n 2025 \n 2024 \n 2025 \n 2024 \n Associate \n 3BB Internet Infrastructure Fund\n \n \n 19\n \n \n 19\n \n \n 67,244\n \n \n 69,804\n \n \n 10,078\n \n \n 10,564\n \n \n 11,850\n \n \n 11,708\n \n \n 444\n \n \n -\n \n \n Thai Trinity Holding Company Limited\n \n \n 39\n \n \n -\n \n \n 500\n \n \n -\n \n \n 195\n \n \n -\n \n \n 195\n \n \n -\n \n \n -\n \n \n -\n Joint ventures \n G-AIS Co.,Ltd. (Formerly:\n \n \n AIS Broadband Co., Ltd.)\n \n \n 50\n \n \n -\n \n \n 200\n \n \n -\n \n \n 100\n \n \n -\n \n \n 101\n \n \n -\n \n \n -\n \n \n -\n \n \n \n Summarised financial position in respect of associates and joint ventures and performance for the years then ended are as follows:\n Unit: Million Baht \n Reporting date \n % of Ownership \n interest \n Current assets \n Non-current assets\n \n \n Total assets\n \n \n Current liabilities\n \n \n Non-current liabilities\n \n \n Total\n \n \n liabilities\n \n \n Total\n \n \n revenues\n \n \n Total\n \n \n expenses\n \n \n Profit/\n \n \n (loss)\n 2025 \n Associates \n Information Highway Co., Ltd.\n \n \n December 31\n \n \n 29\n \n \n 89\n \n \n 212\n \n \n 301\n \n \n 29\n \n \n 67\n \n \n 96\n \n \n 185\n \n \n 149\n \n \n 36\n \n \n Choco Card Enterprise Co., Ltd.\n \n \n December 31\n \n \n 17.35\n \n \n 218\n \n \n 17\n \n \n 235\n \n \n 45\n \n \n -\n \n \n 45\n \n \n 209\n \n \n 222\n \n \n (13)\n \n \n Datafarm Co., Ltd.\n \n \n December 31\n \n \n 25\n \n \n 81\n \n \n 14\n \n \n 95\n \n \n 36\n \n \n -\n \n \n 36\n \n \n 110\n \n \n 107\n \n \n 3\n \n \n Swift Dynamics Co., Ltd.\n \n \n December 31\n \n \n 16.67\n \n \n 50\n \n \n 3\n \n \n 53\n \n \n 29\n \n \n -\n \n \n 29\n \n \n 60\n \n \n 82\n \n \n (22)\n \n \n 3BB Internet Infrastructure Fund\n \n \n December 31\n \n \n 19\n \n \n 32\n \n \n 79,493\n \n \n 79,525\n \n \n 1,149\n \n \n 9,339\n \n \n 10,488\n \n \n 8,317\n \n \n 1,273\n \n \n 7,044\n \n \n GSA Holdings Company Limited\n \n \n December 31\n \n \n 25\n \n \n 3,207\n \n \n 7,825\n \n \n 11,032\n \n \n 4,529\n \n \n 4,850\n \n \n 9,379\n \n \n 184\n \n \n 421\n \n \n (237)\n \n \n Thai Trinity Holding Company Limited\n \n \n December 31\n \n \n 39\n \n \n -\n \n \n 500\n \n \n 500\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n Joint ventures \n Amata Network Co., Ltd.\n \n \n December 31\n \n \n 60\n \n \n 450\n \n \n 78\n \n \n 528\n \n \n 36\n \n \n 1\n \n \n 37\n \n \n 185\n \n \n 59\n \n \n 126\n \n \n Saha Advance Network Co., Ltd.\n \n \n December 31\n \n \n 70\n \n \n 41\n \n \n 12\n \n \n 53\n \n \n 5\n \n \n 2\n \n \n 7\n \n \n 15\n \n \n 8\n \n \n 7\n \n \n G-AIS Co.,Ltd. (Formerly:\n \n \n AIS Broadband Co., Ltd.)\n \n \n December 31\n \n \n 50\n \n \n 366\n \n \n -\n \n \n 366\n \n \n 164\n \n \n -\n \n \n 164\n \n \n 345\n \n \n 342\n \n \n 3\n Unit: Million Baht \n Reporting date \n % of Ownership \n interest \n Current assets \n Non-current assets\n \n \n Total assets\n \n \n Current liabilities\n \n \n Non-current liabilities\n \n \n Total\n \n \n liabilities\n \n \n Total\n \n \n revenues\n \n \n Total\n \n \n expenses\n \n \n Profit/\n \n \n (loss)\n 2024 \n Associates \n Information Highway Co., Ltd.\n \n \n December 31\n \n \n 29\n \n \n 94\n \n \n 271\n \n \n 365\n \n \n 112\n \n \n 54\n \n \n 166\n \n \n 180\n \n \n 148\n \n \n 32\n \n \n Choco Card Enterprise Co., Ltd.\n \n \n December 31\n \n \n 17.35\n \n \n 244\n \n \n 15\n \n \n 259\n \n \n 56\n \n \n -\n \n \n 56\n \n \n 304\n \n \n 387\n \n \n (83)\n \n \n Datafarm Co., Ltd.\n \n \n December 31\n \n \n 25\n \n \n 63\n \n \n 6\n \n \n 69\n \n \n 14\n \n \n -\n \n \n 14\n \n \n 90\n \n \n 94\n \n \n (4)\n \n \n Swift Dynamics Co., Ltd.\n \n \n December 31\n \n \n 16.67\n \n \n 35\n \n \n 2\n \n \n 37\n \n \n 8\n \n \n -\n \n \n 8\n \n \n 46\n \n \n 44\n \n \n 2\n \n \n GSA Data Centre Company Limited\n \n \n December 31\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n 2\n \n \n 51\n \n \n (49)\n \n \n 3BB Internet Infrastructure Fund\n \n \n December 31\n \n \n 19\n \n \n 815\n \n \n 77,964\n \n \n 78,779\n \n \n 1,031\n \n \n 10,861\n \n \n 11,892\n \n \n 7,527\n \n \n 2,248\n \n \n 5,279\n \n \n GSA Holdings Company Limited\n \n \n December 31\n \n \n 25\n \n \n 1\n \n \n 693\n \n \n 694\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n Joint ventures \n Amata Network Co., Ltd.\n \n \n December 31\n \n \n 60\n \n \n 360\n \n \n 88\n \n \n 448\n \n \n 31\n \n \n 2\n \n \n 33\n \n \n 165\n \n \n 55\n \n \n 110\n \n \n Saha Advance Network Co., Ltd.\n \n \n December 31\n \n \n 70\n \n \n 35\n \n \n 15\n \n \n 50\n \n \n 10\n \n \n -\n \n \n 10\n \n \n 12\n \n \n 7\n \n \n 5\n ADVANCED INFO SERVICE PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES \n notes to the financial statements \n FOR THE YEAR ENDED DeceMBER 31, 2025 \n 2\n \n \n 11. PROPERTY, PLANT AND EQUIPMENT \n Movements in property, plant and equipment for the years ended December 31, are as follows:\n As at December 31, 2025 \n Unit: Million Baht \n Consolidated financial statements \n Balance as at \n Increase \n Decrease \n Transfer \n Reclassification \n Balance as at \n January 1, \n December 31, \n 2025 \n 2025 \n Cost \n Land\n \n \n 810\n \n \n 3\n \n \n (98)\n \n \n -\n \n \n -\n \n \n 715\n \n \n Land Improvements\n \n \n -\n \n \n 1\n \n \n -\n \n \n -\n \n \n 17\n \n \n 18\n \n \n Building and building improvements\n \n \n 2,624\n \n \n -\n \n \n (21)\n \n \n -\n \n \n 124\n \n \n 2,727\n \n \n Leasehold building improvements\n \n \n 2,352\n \n \n 278\n \n \n (63)\n \n \n 81\n \n \n 9\n \n \n 2,657\n \n \n Computer, tools and equipment\n \n \n 331,397\n \n \n 11,026\n \n \n (17,893)\n \n \n 2,730\n \n \n 8\n \n \n 327,268\n \n \n Furniture, fixtures and office equipment\n \n \n 2,268\n \n \n 142\n \n \n (35)\n \n \n -\n \n \n (158)\n \n \n 2,217\n \n \n Vehicles\n \n \n 41\n \n \n 1\n \n \n (4)\n \n \n -\n \n \n -\n \n \n 38\n Total \n 339,492\n \n \n 11,451\n \n \n (18,114)\n \n \n 2,811\n \n \n -\n \n \n 335,640\n Accumulated depreciation \n Land Improvements\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n (6)\n \n \n (6)\n \n \n Building and building improvements\n \n \n (1,223)\n \n \n (117)\n \n \n 20\n \n \n -\n \n \n (121)\n \n \n (1,441)\n \n \n Leasehold building improvements\n \n \n (1,912)\n \n \n (189)\n \n \n 56\n \n \n -\n \n \n (9)\n \n \n (2,054)\n \n \n Computer, tools and equipment\n \n \n (205,156)\n \n \n (23,697)\n \n \n 16,099\n \n \n -\n \n \n (7)\n \n \n (212,761)\n \n \n Furniture, fixtures and office equipment\n \n \n (1,930)\n \n \n (121)\n \n \n 33\n \n \n -\n \n \n 143\n \n \n (1,875)\n \n \n Vehicles\n \n \n (27)\n \n \n (2)\n \n \n 2\n \n \n -\n \n \n -\n \n \n (27)\n Total \n (210,248)\n \n \n (24,126)\n \n \n 16,210\n \n \n -\n \n \n -\n \n \n (218,164)\n \n \n Assets under construction and installation\n \n \n 5,657\n \n \n 5,524\n \n \n (48)\n \n \n (2,811)\n \n \n -\n \n \n 8,322\n Less Allowance for impairment\n \n \n (7,902)\n \n \n (1,475)\n \n \n 2,205\n \n \n -\n \n \n -\n \n \n (7,172)\n Property, plant and equipment \n 126,999\n \n \n (8,626)\n \n \n 253\n \n \n -\n \n \n -\n \n \n 118,626\n \n \n During the year 2025, the Group has reversal of net loss on impairment of unused equipment assets amounting to Baht 730 million (2024: net loss on impairment of unused equipment assets amounting to Baht 1,026 million).\n As at December 31, 2024 \n Unit: Million Baht \n Consolidated financial statements \n Balance as at \n Increase \n Decrease \n Transfer \n Reclassification \n Balance as at \n January 1, \n December 31, \n 2024 \n 2024 \n Cost \n Land\n \n \n 735\n \n \n -\n \n \n -\n \n \n -\n \n \n 75\n \n \n 810\n \n \n Building and building improvements\n \n \n 816\n \n \n 1\n \n \n (1)\n \n \n -\n \n \n 1,808\n \n \n 2,624\n \n \n Leasehold building improvements\n \n \n 2,272\n \n \n 228\n \n \n (148)\n \n \n -\n \n \n -\n \n \n 2,352\n \n \n Computer, tools and equipment\n \n \n 319,977\n \n \n 12,204\n \n \n (11,641)\n \n \n 12,740\n \n \n (1,883)\n \n \n 331,397\n \n \n Furniture, fixtures and office equipment\n \n \n 2,226\n \n \n 105\n \n \n (64)\n \n \n 1\n \n \n -\n \n \n 2,268\n \n \n Vehicles\n \n \n 41\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n 41\n Total \n 326,067\n \n \n 12,538\n \n \n (11,854)\n \n \n 12,741\n \n \n -\n \n \n 339,492\n Accumulated depreciation \n Building and building improvements\n \n \n (503)\n \n \n (24)\n \n \n 1\n \n \n -\n \n \n (697)\n \n \n (1,223)\n \n \n Leasehold building improvements\n \n \n (1,864)\n \n \n (195)\n \n \n 147\n \n \n -\n \n \n -\n \n \n (1,912)\n \n \n Computer, tools and equipment\n \n \n (190,095)\n \n \n (26,156)\n \n \n 10,398\n \n \n -\n \n \n 697\n \n \n (205,156)\n \n \n Furniture, fixtures and office equipment\n \n \n (1,857)\n \n \n (134)\n \n \n 61\n \n \n -\n \n \n -\n \n \n (1,930)\n \n \n Vehicles\n \n \n (24)\n \n \n (3)\n \n \n -\n \n \n -\n \n \n -\n \n \n (27)\n Total \n (194,343)\n \n \n (26,512)\n \n \n 10,607\n \n \n -\n \n \n -\n \n \n (210,248)\n \n \n Assets under construction and installation\n \n \n 14,376\n \n \n 4,032\n \n \n (10)\n \n \n (12,741)\n \n \n -\n \n \n 5,657\n Less Allowance for impairment\n \n \n (6,876)\n \n \n (2,113)\n \n \n 1,087\n \n \n -\n \n \n -\n \n \n (7,902)\n Property, plant and equipment \n 139,224\n \n \n (12,055)\n \n \n (170)\n \n \n -\n \n \n -\n \n \n 126,999\n Depreciation for the years ended December 31, \n 2025\n Million Baht \n 24,126\n \n \n 2024\n Million Baht \n 26,512\n As at December 31, 2025 \n Unit: Million Baht \n Separate financial statements \n Balance as at \n Increase \n Decrease \n Balance as at \n January 1, \n December 31, \n 2025 \n 2025 \n Cost \n Building and building improvements\n \n \n 128\n \n \n -\n \n \n (8)\n \n \n 120\n \n \n Leasehold building improvements\n \n \n 308\n \n \n 1\n \n \n -\n \n \n 309\n \n \n Computer, tools and equipment\n \n \n 71\n \n \n 1\n \n \n -\n \n \n 72\n \n \n Furniture, fixtures and office equipment\n \n \n 492\n \n \n 4\n \n \n (7)\n \n \n 489\n \n \n Vehicles\n \n \n 21\n \n \n -\n \n \n (3)\n \n \n 18\n Total \n 1,020\n \n \n 6\n \n \n (18)\n \n \n 1,008\n Accumulated depreciation \n Building and building improvements\n \n \n (127)\n \n \n -\n \n \n 8\n \n \n (119)\n \n \n Leasehold building improvements\n \n \n (293)\n \n \n (10)\n \n \n -\n \n \n (303)\n \n \n Computer, tools and equipment\n \n \n (67)\n \n \n (2)\n \n \n -\n \n \n (69)\n \n \n Furniture, fixtures and office equipment\n \n \n (475)\n \n \n (7)\n \n \n 7\n \n \n (475)\n \n \n Vehicles\n \n \n (10)\n \n \n (1)\n \n \n 1\n \n \n (10)\n Total \n (972)\n \n \n (20)\n \n \n 16\n \n \n (976)\n Property, plant and equipment \n 48\n \n \n (14)\n \n \n (2)\n \n \n 32\n As at December 31, 2024 \n Unit: Million Baht \n Separate financial statements \n Balance as at \n Increase \n Decrease \n Balance as at \n January 1, \n December 31, \n 2024 \n 2024 \n Cost \n Building and building improvements\n \n \n 128\n \n \n -\n \n \n -\n \n \n 128\n \n \n Leasehold building improvements\n \n \n 308\n \n \n -\n \n \n -\n \n \n 308\n \n \n Computer, tools and equipment\n \n \n 72\n \n \n -\n \n \n (1)\n \n \n 71\n \n \n Furniture, fixtures and office equipment\n \n \n 493\n \n \n 3\n \n \n (4)\n \n \n 492\n \n \n Vehicles\n \n \n 21\n \n \n -\n \n \n -\n \n \n 21\n Total \n 1,022\n \n \n 3\n \n \n (5)\n \n \n 1,020\n Accumulated depreciation \n Building and building improvements\n \n \n (127)\n \n \n -\n \n \n -\n \n \n (127)\n \n \n Leasehold building improvements\n \n \n (281)\n \n \n (12)\n \n \n -\n \n \n (293)\n \n \n Computer, tools and equipment\n \n \n (66)\n \n \n (2)\n \n \n 1\n \n \n (67)\n \n \n Furniture, fixtures and office equipment\n \n \n (471)\n \n \n (8)\n \n \n 4\n \n \n (475)\n \n \n Vehicles\n \n \n (8)\n \n \n (2)\n \n \n -\n \n \n (10)\n Total \n (953)\n \n \n (24)\n \n \n 5\n \n \n (972)\n Property, plant and equipment \n 69\n \n \n (21)\n \n \n -\n \n \n 48\n Depreciation for the years ended December 31, \n 2025\n Million Baht \n 20\n \n \n 2024\n Million Baht \n 24\n \n \n \n 12. RIGHT-OF-USE ASSETS \n Movements in right-of-use assets for the year ended December 31, are as follows:\n As at December 31, 2025 \n Unit: Million Baht \n Consolidated financial statements \n Balance as at \n Increase \n Decrease \n Balance as at \n January 1, \n December 31, \n 2025 \n 2025 \n Cost \n Land and Buildings\n \n \n 11,251\n \n \n 4,215\n \n \n (2,640)\n \n \n 12,826\n \n \n Spectrum Licenses\n \n \n 20,582\n \n \n -\n \n \n (20,582)\n \n \n -\n \n \n Leaseholds for Towers\n \n \n 39,599\n \n \n -\n \n \n -\n \n \n 39,599\n \n \n Equipment for Telecom\n \n \n 67,407\n \n \n 244\n \n \n (268)\n \n \n 67,383\n \n \n Office Buildings\n \n \n 3,189\n \n \n 707\n \n \n (1,595)\n \n \n 2,301\n \n \n Vehicles\n \n \n 414\n \n \n 94\n \n \n (26)\n \n \n 482\n \n \n Computer and computer equipment\n \n \n 5\n \n \n -\n \n \n -\n \n \n 5\n Total \n 142,447\n \n \n 5,260\n \n \n (25,111)\n \n \n 122,596\n Accumulated depreciation \n Land and Buildings\n \n \n (4,592)\n \n \n (3,334)\n \n \n 2,342\n \n \n (5,584)\n \n \n Spectrum Licenses\n \n \n (18,415)\n \n \n (2,167)\n \n \n 20,582\n \n \n -\n \n \n Leaseholds for Towers\n \n \n (22,004)\n \n \n (4,396)\n \n \n -\n \n \n (26,400)\n \n \n Equipment for Telecom\n \n \n (5,216)\n \n \n (4,549)\n \n \n 265\n \n \n (9,500)\n \n \n Office Buildings\n \n \n (1,304)\n \n \n (1,198)\n \n \n 1,568\n \n \n (934)\n \n \n Vehicles\n \n \n (200)\n \n \n (100)\n \n \n 24\n \n \n (276)\n \n \n Computer and computer equipment\n \n \n (5)\n \n \n -\n \n \n -\n \n \n (5)\n Total \n (51,736)\n \n \n (15,744)\n \n \n 24,781\n \n \n (42,699)\n Right-of-use assets \n 90,711\n \n \n (10,484)\n \n \n (330)\n \n \n 79,897\n As at December 31, 2024 \n Unit: Million Baht \n Consolidated financial statements \n Balance as at \n Increase \n Decrease \n Balance as at \n January 1, \n December 31, \n 2024 \n 2024 \n Cost \n Land and Buildings\n \n \n 9,764\n \n \n 5,137\n \n \n (3,650)\n \n \n 11,251\n \n \n Spectrum Licenses\n \n \n 20,582\n \n \n -\n \n \n -\n \n \n 20,582\n \n \n Leaseholds for Towers\n \n \n 39,599\n \n \n -\n \n \n -\n \n \n 39,599\n \n \n Equipment for Telecom\n \n \n 67,271\n \n \n 702\n \n \n (566)\n \n \n 67,407\n \n \n Office Buildings\n \n \n 2,667\n \n \n 1,759\n \n \n (1,237)\n \n \n 3,189\n \n \n Vehicles\n \n \n 477\n \n \n 22\n \n \n (85)\n \n \n 414\n \n \n Computer and computer equipment\n \n \n 5\n \n \n -\n \n \n -\n \n \n 5\n Total \n 140,365\n \n \n 7,620\n \n \n (5,538)\n \n \n 142,447\n Accumulated depreciation \n Land and Buildings\n \n \n (4,461)\n \n \n (3,509)\n \n \n 3,378\n \n \n (4,592)\n \n \n Spectrum Licenses\n \n \n (14,726)\n \n \n (3,689)\n \n \n -\n \n \n (18,415)\n \n \n Leaseholds for Towers\n \n \n (17,596)\n \n \n (4,408)\n \n \n -\n \n \n (22,004)\n \n \n Equipment for Telecom\n \n \n (891)\n \n \n (4,835)\n \n \n 510\n \n \n (5,216)\n \n \n Office Buildings\n \n \n (1,291)\n \n \n (1,177)\n \n \n 1,164\n \n \n (1,304)\n \n \n Vehicles\n \n \n (174)\n \n \n (100)\n \n \n 74\n \n \n (200)\n \n \n Computer and computer equipment\n \n \n (1)\n \n \n (4)\n \n \n -\n \n \n (5)\n Total \n (39,140)\n \n \n (17,722)\n \n \n 5,126\n \n \n (51,736)\n Right-of-use assets \n 101,225\n \n \n (10,102)\n \n \n (412)\n \n \n 90,711\n Depreciation for the years ended December 31, \n 2025\n Million Baht \n 15,744\n \n \n 2024\n Million Baht \n 17,722\n As at December 31, 2025 \n Unit: Million Baht \n Separate financial st...

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