Common use of COMMITMENTS AND CONTINGENT LIABILITIES Clause in Contracts

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.

Appears in 1 contract

Samples: Green Resources Public Company

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COMMITMENTS AND CONTINGENT LIABILITIES. 24.1 Operating lease and service agreement commitments As at June September 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 September As at December As at June September As at December 30, 2020 31, 2019 30, 2020 31, 2019 Commitment Within 1 year 3,493 3,168 7,378 1,226 811 2,038 In over 1 and up to 5 years 655 77 6,293 93 77 658 In over 5 years - 8,122 - - Total 4,148 3,245 21,793 1,319 888 2,696 As at June September 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.

Appears in 1 contract

Samples: Green Resources

COMMITMENTS AND CONTINGENT LIABILITIES. 24.1 32.1 Operating lease and service agreement commitments As at June 30December 31, 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 4,671 7,378 1,226 498 2,038 In over 1 and up to 5 years 655 2,401 6,293 93 95 658 In over 5 years - 8,122 - - Total 4,148 7,072 21,793 1,319 593 2,696 As at June 30December 31, 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 5.2 to the interim financial statements.

Appears in 1 contract

Samples: Green Resources

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COMMITMENTS AND CONTINGENT LIABILITIES. 24.1 Operating lease and service agreement commitments As at June 30March 31, 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 March As at December As at June March As at December 3031, 2020 31, 2019 3031, 2020 31, 2019 Commitment Within 1 year 3,493 7,081 7,378 1,226 2,970 2,038 In over 1 and up to 5 years 655 615 6,293 93 615 658 In over 5 years - 8,122 - - Total 4,148 7,696 21,793 1,319 3,585 2,696 As at June 30March 31, 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.

Appears in 1 contract

Samples: Green Resources

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