Page 31 - KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED : ANNUAL REPORT 2024

KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED 31

Assets Used in Operations

KEX utilised leasing as a means of optimising our balance sheet. Other than the properties, plants, and equipment, Operational Highlights and Financial Summary
intangible assets and financial leases, booked as Rights-of-Use assets represent a significant
component of KEX’s fixed assets. As of 31 December 2024, fixed assets contributed 41.9% of KEX’s total assets.
Furthermore, the Group operates express delivery services under a transportation license granted by the
Department of Land Transport, which is the official license required to operate non-fixed route transportation
services. This license was granted to KEX Express Services Company Limited, a subsidiary of KEX, on 21 July
Operational Highlights and Financial Summary
2020 and is valid until 20 July 2025. Please refer to our financial statements for further information on the assets
that KEX utilises in our operations.

The table below shows the significant assets’ details as of 31 December 2024.

Net Book Value Ownership Obligation Key Milestones
(THB million) Type
Key Milestones

1. Buildings and building improvements 97.83 Ownership No Obligation
2. Operating equipment 372.02 Ownership No Obligation

3. Furniture, fixtures and office equipment 92.94 Ownership No Obligation Business Overview

4. Computers 258.61 Ownership No Obligation
Business Overview
5. Vehicles 273.24 Ownership No Obligation
6. Assets under installation 144.11 Ownership No Obligation
7. Intangible assets 1 98.93 Ownership No Obligation

8. Right-of-Use assets 672.93 Right-of-Use Obligation as per
related lease
agreement Governance Structure and Practices
Total Net Book Value 2,010.61

1 Intangible assets include computer software and software under installation. Financial Performance

Governance Structure and Practices

Financial Performance

Sustainable Development
Sustainable Development