COMMITMENTS AND CONTINGENT LIABILITIES. 23.1 Purchase construction materials and subcontracted work commitments As at March 31, 2022, the Group have outstanding commitments of Baht 4,742 million and USD 1 million, in respect of purchase construction materials and subcontracted work (the Company only: Baht 439 million and USD 1 million) (December 31, 2021 : Baht 4,944 million and USD 1 million, (the Company only: Baht 407 million and USD 1 million)).
COMMITMENTS AND CONTINGENT LIABILITIES. 24.1 Operating lease and service agreement commitments As at June 30, 2020 and December 31, 2019 future minimum lease payments under these operating leases contracts were as follows. Thousand Baht Consolidated financial statements Separate financial statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Commitment Within 1 year 3,493 7,378 1,226 2,038 In over 1 and up to 5 years 655 6,293 93 658 In over 5 years - 8,122 - - Total 4,148 21,793 1,319 2,696 As at June 30, 2020, the Company and its subsidiaries had no obligations under lease agreements and related service agreements as a result of the adoption of the TFRS 16 as at January 1, 2020. The Company and its subsidiaries recognized the lease liabilities previously classified as operating lease at the present value of the remaining lease payments, discounted incremental borrowing rate, as described in Note 19 to the interim financial statements.
COMMITMENTS AND CONTINGENT LIABILITIES. 22.1 Commitments As at March 31, 2009 and December 31, 2008, the Company and its subsidiary had the following commitments :-
COMMITMENTS AND CONTINGENT LIABILITIES. Construction and Capital Expenditures It is estimated that CSW, including the U.S. Electric Operating Companies, SEEBOARD and other diversified operations, will spend approximately $569 million in capital expenditures (but excluding capital that may be required for acquisitions) during 1998. Substantial commitments have been made in connection with these programs. Fuel and Related Commitments To supply a portion of their fuel requirements, the U.S. Electric Operating Companies have entered into various commitments for the procurement of fuel.
COMMITMENTS AND CONTINGENT LIABILITIES for a discussion of CSW's investments and commitments in CSW Energy projects at December 31, 1997. In January 1997, CSW received authority from the SEC under the Holding Company Act to spend an amount up to 100% of consolidated retained earnings on EWG or FUCO investments. This represents an increase in authority previously granted under the Holding Company Act. However, the amount of any such expenditures is subject to the terms of the AEP merger agreement. As of December 31, 1997, CSW had invested an amount equal to 49% of consolidated retained earnings, as defined by rule 53 of the Holding Company Act, on EWG and FUCO investments. For a description of certain restrictions on the ability of CSW and its subsidiaries to make capital expenditures in respect of qualifying facilities and independent power facilities and to make EWG and FUCO investments, see PROPOSED AEP MERGER.
COMMITMENTS AND CONTINGENT LIABILITIES. 30.1 Commitments relating to service agreements As at December 31, 2023 and 2022, the Company had commitments on service agreements were as follows: Baht 2023 2022 Not later than one year 2,668,086.77 1,776,962.95 Later than one year but not later than five years - 239,757.05 Later than five years - - Total 2,668,086.77 2,016,720.00
COMMITMENTS AND CONTINGENT LIABILITIES. 22.1 Commitments relating to lease and service agreements commitments As at March 31, 2021 and December 31, 2020, the Company had commitments on lease and service agreements were as follows: Thousand Baht As at March Not later than one year 2,225 1,351 Later than one year and not later than five years 34 58 Later than five years - - Total 2,259 1,409 31, 2021 As at December 31, 2020
COMMITMENTS AND CONTINGENT LIABILITIES. 33.1 Commitments relating to lease and service agreements commitments As at December 31, 2020 and 2019, the Company had commitments on lease and service agreements were as follows: Baht 2020 2019 Not later than one year 1,350,625.00 23,437,089.00 Later than one year and not later than five years 58,500.00 35,342,400.00 Later than five years - 2,720,000.00 Total 1,409,125.00 61,499,489.00 As at December 31, 2020, the Company had no obligations under lease agreements as a result of the adoption of the TFRS 16 as at January 1, 2020. The Company recognized the lease liabilities previously classified as operating lease at the present value of the remaining lease payments, discounted incremental borrowing rate, as described in Note 5.2 to the interim financial statements.
COMMITMENTS AND CONTINGENT LIABILITIES. As at June 30, 2021 and December 31, 2020, the Company has commitments and contingent liabilities as follows :- Thousand Baht As at June 30, 2021 As December 31, 2020
COMMITMENTS AND CONTINGENT LIABILITIES. In the normal course of business, the Bank has outstanding various commitments to extend credit. At December 31, 2015 and 2014, the Bank had approximately $26,526,000 and $24,903,000, respectively, of such commitments, all of which were at variable rates of interest. Commitments to extend credit are agreements to lend. No material losses or liquidity demands are anticipated as a result of these commitments. The Bank had no standby letters of credit outstanding at December 31, 2015 and 2014. The Bank evaluates each customer’s creditworthiness on a case-by-case basis in accordance with the Bank’s credit policies. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based upon management’s credit evaluation of the customer. Collateral held varies, but may include business assets of commercial borrowers as well as personal property and real estate of individual borrowers or guarantors. The Bank grants agribusiness, commercial, residential and installment loans to customers in the surrounding areas of its offices. Although the Bank has a diversified loan portfolio, a substantial portion of its debtors’ ability to honor their commitments is dependent upon the local economic sector. As of December 31, 2015, the Bank had $17,557,177 of loans outstanding for agricultural purposes, or secured by agricultural property.
