Page 154 - Annual Report 2015 - Mono Technology Public Company Limited

(Unit: Million Baht)
Consolidated financial statements
For the year ended 31 December 2014
15
66
51
0.017
Statements of comprehensive income
Profit or loss:
Decrease in amortasation cost of spectrum license Increase in finance cost
Decrease in profit attributable to equity holders of the Company Decrease in basic earnings per share (Baht)
5. Significant accounting policies
5.1 Revenuerecognition
Sales of goods
Sales of goods are recognised when the significant risks and rewards of ownership of the goods have passed to the buyer. Sales are the invoiced value, excluding value added tax, of goods supplied after deducting discounts and allowances.
Rendering of services
Revenues from mobile value added service, advertising and other services relating to Internet business and TV business are recognised when services have been rendered taking into account the stage of completion.
Interest income
Interest income is recognised on an accrual basis based on the effective interest rate.
Dividends
Dividends are recognised when the right to receive the dividends is established.
5.2 Cashandcashequivalents
Cash and cash equivalents consist of cash in hand and at banks, and all highly liquid investments with an original maturity of three months or less from acquisition date and not subject to withdrawal restrictions.
5.3 Tradeandotherreceivables
Trade and other receivables are stated at the net realisable value. Allowance for doubtful accounts is provided for the estimated losses that may be incurred in collection of receivables. The allowance is generally based on collection experience and analysis of debt aging.
5.4 Inventories
Compact discs, video compact discs, digital versatile discs and video clips are valued at the lower of cost (First-in, First-out method) and net realisable value.
Magazines and pocket books are valued at the lower of cost (Specific identification method) and net realisable value.
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Mono Technology Public Company Limited