REAL ESTATE PROJECTS UNDER DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September 30, 2018 As at December 31, 2017 As at September 30, 2018 As at December 31, 2017 Cost of projects under development 29,866,476 28,531,700 24,164,693 22,901,967 Land held for development 5,975,589 4,429,397 4,293,807 3,490,318 Sample houses 111,834 119,591 94,375 101,575 House and condominium for sale 3,137,538 3,460,418 2,536,887 2,910,841 Construction materials 5,256 3,035 3,016 3,023 Total 39,096,693 36,544,141 31,092,778 29,407,724 Less Portion transferred to cost of sales (26,930,265) (25,055,376) (21,574,321) (20,085,043) 12,166,428 11,488,765 9,518,457 9,322,681 real estate projects under development (4,671) (14,494) (4,449) (7,754) Net 12,161,757 11,474,271 9,514,008 9,314,927 As at September 30, 2018, the Group and the Company have the allowance for decline in value of real estate projects had decreased by Baht 9.82 million and Baht 3.31 million, respectively, due to the sale in the period. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September 30, 2018 (For the nine- month) As at December 31, 2017 (For the year) As at September 30, 2018 (For the nine- month) As at December 31, 2017 (For the year) Finance costs capitalised during the period 227,818 290,948 207,635 295,738 Rates of interest capitalized (% per annum) 1 - 6.25 1.00 - 6.90 1 - 6.25 1.00 - 6.90 Land and construction thereon of the Group’s and Company’s projects have been mortgaged as collateral for loans and credit facilities from financial institutions.
REAL ESTATE PROJECTS UNDER DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March 31, 2023 As at December 31, 2022 As at March 31, 2023 As at December 31, 2022 Cost of projects under development 4,286,090 4,580,354 2,296,828 2,573,318 House and condominium for sale 2,496,050 2,198,642 2,025,644 1,848,835 Construction materials - 172 - 8 Total Less Allowance for decline in value of 6,782,140 6,779,168 4,322,472 4,422,161 house and condominium for sale (9,946) (11,391) (9,946) (11,391) Total 6,772,194 6,767,777 4,312,526 4,410,770 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month period ended March 31, 2023 2022 2023 2022 Finance costs capitalized during the period 64,582 53,311 39,927 37,390 Land and construction thereon of the Group’s and Company's projects have been mortgaged as collateral for loans, debenture and credit facilities from financial institutions, other persons and other company. In quarter 1, 2023, the Group has made are reversal entry for the allowance for decline in value of real estate projects under development in the amount of Baht 1.44 million (the Company only : Baht
1. 44 million).
REAL ESTATE PROJECTS UNDER DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March 31, 2022 As at December 31, 2021 As at March 31, 2022 As at December 31, 2021 Cost of projects under development 40,594,608 39,452,396 30,607,595 30,118,291 Land held for development 1,738,221 1,737,497 865,082 865,082 Sample houses 141,350 196,687 81,857 125,536 House and condominium for sale 2,116,684 2,481,124 1,906,945 2,253,871 Construction materials 303 119 133 - Total 44,591,166 43,867,823 33,461,612 33,362,780 Less Portion transferred to cost of sales (36,096,553) (35,540,545) (27,869,977) (27,613,466) Portion transferred to property, plant and equipment (34,104) (34,104) (34,104) (34,104) 8,460,509 8,293,174 5,557,531 5,715,210 house and condominium for sale (29,482) (32,191) (18,859) (21,568) Net 8,431,027 8,260,983 5,538,672 5,693,642 Total 6,692,806 6,523,486 4,673,590 4,828,560 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month period ended March 31, 2022 2021 2022 2021 Finance costs capitalized during the period 53,311 50,132 37,390 49,472 Land and construction thereon of the Group’s projects have been mortgaged as collateral for loans, debenture and credit facilities from financial institutions. In quarter 1, 2022, the Group has made are reversal entry for the allowance for decline in value of house and condominium for sale in the amount of Baht 2.71 million (the Company : Baht 2.71 million).
REAL ESTATE PROJECTS UNDER DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March 31, 2022 As at December 31, 2021 As at March 31, 2022 As at December 31, 2021 Cost of projects under development 40,594,608 39,452,396 30,607,595 30,118,291 Land held for development 1,738,221 1,737,497 865,082 865,082 Sample houses 141,350 196,687 81,857 125,536 House and condominium for sale 2,116,684 2,481,124 1,906,945 2,253,871 Construction materials 303 119 133 - Total 44,591,166 43,867,823 33,461,612 33,362,780 Less Portion transferred to cost of sales (36,096,553) (35,540,545) (27,869,977) (27,613,466) Portion transferred to property, plant and equipment (34,104) (34,104) (34,104) (34,104) 8,460,509 8,293,174 5,557,531 5,715,210 house and condominium for sale (29,482) (32,191) (18,859) (21,568) Net 8,431,027 8,260,983 5,538,672 5,693,642 Total 6,692,806 6,523,486 4,673,590 4,828,560 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month period ended March 31, 2022 2021 2022 2021 Finance costs capitalized during the period 53,311 50,132 37,390 49,472 Land and construction thereon of the Group’s projects have been mortgaged as collateral for loans, debenture and credit facilities from financial institutions. In quarter 1, 2022, the Group has made are reversal entry for the allowance for decline in value of house and condominium for sale in the amount of Baht 2.71 million (the Company : Baht 2.71 million).
