OPERATING LEASE COMMITMENTS. 27.1 Capital commitments As at June 30, 2022, the Group had capital commitments of approximately USD 11 million, relating to purchasing of program rights. (the Company : USD 11 million)
27.2 Bank guarantees commitments As at June 30, 2022, the Group had bank guarantees issued by the bank in respect of certain performance obligations required of Baht 123.11 million and guarantees electricity consumption of Baht 0.39 million.
27.3 Operating lease and service commitments The Group has entered into several lease and service agreements in respect of the lease of office space rental, advertising space rental, satellite service, TV network service, the service for the center area, utility system and vehicle. The terms of the agreements are generally between 1 and 3 years. Future minimum lease payments required under these non-cancellable operating leases contracts and related services were as follows: As at June 30, 2022 As at December 31, 2021 As at June 30, 2022 As at December 31, 2021 Payable: In up to 1 year 69 56 8 4 In over 1 and up to 3 years 18 26 1 3 Chief of the National Council for Peace and Order No.4/2019 requires National Broadcasting and Telecommunication Commission to replace, compensate or pay remuneration from the spectrum allocation to the program channel licensee affected by the call for spectrum return as expense for renting TV network using (MUX) throughout the remaining period of the license which such amount is included in the obligation in the consolidated financial statements in the amount of Baht 39.6 million (within 1 year of Baht 39.6 million). The Group presented net income and expenses in the statement of comprehensive income.
27.4 Long-term service commitments The Company has entered into license and technical assistance agreements with an overseas unrelated company for the use of a trademark and the technical services. Under the conditions of the license agreement, the Company has commitments to pay the royalty fee as stipulated in the agreement amounting to approximately USD 2 million.
OPERATING LEASE COMMITMENTS. At the end of the reporting period, the Group had commitments for future minimum lease payments under non-cancellable operating leases which fall due as follow: 2011 US$’000 2010US$’000 Within one year 1,275 1,247 In the second to fifth years inclusive 2,555 1,971 More than five years 1,674 1,552 5,504 4,770 Operating lease payments represent rentals payable by the Group for certain of its office properties, staff quarters and factory. Leases are negotiated for terms ranging from one to nine years and rentals are fixed for the period of the lease.
OPERATING LEASE COMMITMENTS. At 31 December 2003, the Group had outstanding commitments for future minimum lease payments under non-cancellable operating leases in respect of land and buildings as follows: 2003 RMB’000 2002 RMB’000 Within one year 614 1,023 After one year but within five years 1,497 1,956 After five years 8,049 8,423 10,160 11,402 Notes to the Financial Statements (cont’d)
OPERATING LEASE COMMITMENTS. The Company and its subsidiary have entered into lease agreements in respect of the lease of land, machines, motor vehicles and equipment. The terms of the agreements are generally between 1 and 5 years. Future minimum lease payments required under these non-cancellable operating lease contracts were as follows. Payable : In up to 1 year 4 14 3 12 In over 1 and up to 5 years - 8 - 7 As at December 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 5 to the financial statements.
OPERATING LEASE COMMITMENTS. 16.1 Capital commitments As at March 31, 2021, the Group had capital commitments of approximately USD 9 million, relating to purchasing of program rights.
16.2 Operating lease and service commitments The Group has entered into several lease and service agreements in respect of the lease of office space rental, advertising space rental, satellite service and the service for the center area and utility system. The terms of the agreements are generally between 1 and 3 years. Future minimum lease payments required under these non-cancellable operating leases contracts and related services were as follows: (Unit: Million Baht) Consolidated financial statements Separate financial statements As at March 31, 2021 As at December 31, 2020 As at March 31, 2021 As at December 31, 2020 Payable: In up to 1 year 15 14 12 10 In over 1 and up to 3 years 3 5 3 4 16.3 Long-term service commitments The Company has entered into license and technical assistance agreements with an overseas unrelated company for the use of a trademark and the technical services. Under the conditions of the license agreement, the Company has commitments to pay the royalty fee as stipulated in the agreement amounting to approximately USD 3 million.
OPERATING LEASE COMMITMENTS. The Company and its subsidiary have entered into lease agreements in respect of the lease of land, machines, motor vehicles and equipment. The terms of the agreements are generally between 1 and 5 years. Future minimum lease payments required under these non-cancellable operating lease contracts were as follows. Consolidated financial statements Separate financial statements As at March As at December As at March As at December Payable : In up to 1 year 5 14 4 12 In over 1 and up to 5 years - 8 - 7 As at March 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 4 to the interim financial statements.
OPERATING LEASE COMMITMENTS. The total future minimum lease payments payable by the Target Group under non-cancellable operating leases are payable as follows:
OPERATING LEASE COMMITMENTS. At 31 December 2001, the total future minimum lease payments under non-cancellable operating leases are payable as follows:
OPERATING LEASE COMMITMENTS. Permitted Guarantees. Except for Permitted Guarantees, the Borrowers will not incur or commit to incur, or permit the Guarantor or any Subsidiary (other than Gulfmark) to incur or commit to incur (a) any Operating Lease Commitments classified as lease obligations under generally accepted accounting principles if the aggregate of all such Operating Lease Commitments of the Borrowers, the Guarantor and the Subsidiaries other than Gulfmark (an a consolidated basis) equals or exceeds $7,000,000.00 during any fiscal year of the Borrowers, or (b) any Operating Lease Commitments classified as capital expenditures under generally accepted accounting principles if the aggregate of all such Operating Lease Commitments of the Borrowers, the Guarantor and the Subsidiaries (on a consolidated basis) equals or exceeds $7,000,000.00.
8. Clauses (a), (b) and (c) of Section 4.3 of the Loan Agreement are deleted in their entirety, and the following is substituted in their place:
(a) the Guarantor may advance up to $500,000.00 to Gulfmark, provided such advances are made pursuant to the Gulfmark Note, (b) the Guarantor may make Investments in the ARM Entities in an aggregate amount of up to $4,500,000.00, (c) Investments may be made in, and loans in advance may be made to, the Borrowers, the Guarantor and the Subsidiaries (other than Gulfmark [except as permitted by clause (a) above], the ARM Entities [except as permitted by clause (b) above] and Plastics Universal) and (d) the Guarantor may make the loan permitted by the terms of Section 4.8 of this Agreement.
9. Clause (b) of Section 4.4 of the Loan Agreement is deleted in its entirety, and the following is substituted in its place;
OPERATING LEASE COMMITMENTS. 27.1 Capital commitments As at September 30, 2022, the Group had capital commitments of approximately USD 11 million, relating to purchasing of program rights (the Company: USD 11 million).
27.2 Bank guarantees commitments As at September 30, 2022, the Group had bank guarantees issued by the bank in respect of certain performance obligations required of Baht 123.11 million and guarantees electricity consumption of Baht 0.39 million.
27.3 Operating lease and service commitments The Group has entered into several lease and service agreements in respect of the lease of office space rental, advertising space rental, satellite service, TV network service, the service for the center area, utility system and vehicle. The terms of the agreements are generally between 1 and 3 years. Future minimum lease payments required under these non-cancellable operating leases contracts and related services were as follows: In Million Baht Consolidated financial statements Separate financial statements As at September 30, 2022 As at December 31, 2021 As at September 30, 2022 As at December 31, 2021 Payable: In up to 1 year 49 56 7 4 In over 1 and up to 3 years 14 26 - 3 Chief of the National Council for Peace and Order No.4/2019 requires National Broadcasting and Telecommunication Commission to replace, compensate or pay remuneration from the spectrum allocation to the program channel licensee affected by the call for spectrum return as expense for renting TV network using (MUX) throughout the remaining period of the license which such amount is included in the obligation in the consolidated financial statements in the amount of Baht 28.8 million (within 1 year of Baht 28.8 million). The Group presented net income and expenses in the statement of comprehensive income.
27.4 Long-term service commitments The Company has entered into license and technical assistance agreements with an overseas unrelated company for the use of a trademark and the technical services. Under the conditions of the license agreement, the Company has commitments to pay the royalty fee as stipulated in the agreement amounting to approximately USD 2 million.
27.5 Acquisition contract commitment The Board of Directors of JKN Global Group Public Company Limited (the “Company”) No. 4/2022 held on June 27, 2022 has resolved to approve the negotiation in connection with the acquisition of Miss Universe Organization between the Company and IMG Worldwide, LLC which is a wholly owned subsidiary of Endeavor Group ...
