PROPERTY DEVELOPMENT COSTS Sample Clauses

PROPERTY DEVELOPMENT COSTS. 6.1 Actual property development costs consist of : In Thousand Baht Consolidated/Separate Financial Statements As at June 30, 2019 As at December 31, 2018 Land and land development costs 3,014,905 2,962,707 Utilities development costs 1,158,749 1,140,775 Construction in progress 5,824,483 5,710,387 Interest capitalization 507,096 491,777 Total 10,505,233 10,305,646 Less Transfer to inventory (241,453) (316,146) Transfer to accumulated cost of sale (8,750,754) (8,391,786) Property development costs - net 1,513,026 1,597,714 As at June 30, 2019 and December 31, 2018, most of Company’s land and construction in the projects are mortgaged as collateral against credit facilities for loans with local commercial bank, as discussed in Note 13 and Note 14. For the three-month periods ended June 30, 2019 and 2018, the Company recorded the related interest expense amounting approximately to Baht 8.80 million and Baht 9.86 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 7.26% and 6.87%, respectively For the six-month periods ended June 30, 2019 and 2018, the Company recorded the related interest expense amounting approximately to Baht 17.36 million and Baht 20.76 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 6.74% and 7.07%, respectively
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PROPERTY DEVELOPMENT COSTS. 8.1 Actual property development costs, consist of : In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March 31, 2022 As at December 31, 2021 As at March 31, 2022 As at December 31, 2021 Land and land development costs 3,421,409 3,127,109 3,421,409 3,127,109 Utilities development costs 1,238,354 1,177,988 1,238,354 1,177,988 Construction in progress 6,071,446 5,785,020 6,101,300 5,806,788 Interest capitalization 505,073 495,775 505,073 495,775 Total 11,236,282 10,585,892 11,266,136 10,607,660 Less Transfer to inventory (131,236) (114,163) (131,236) (114,163) Transfer to costs of goods sold (8,825,553) (8,443,123) (8,825,553) (8,443,123) Property development costs, net 2,279,493 2,028,606 2,309,347 2,050,374 As at March 31, 2022 and December 31, 2021, most of Company’s land and construction in the projects are mortgaged as collateral against credit facilities for loans with local commercial bank, as discussed in Note 17 and Note 19. For the three-month periods ended March 31, 2022 and 2021, the Company recorded the related interest expense amounting approximately to Baht 9.30 million and Baht 3.11 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 4.85% and 4.32%, respectively.
Sample 1
PROPERTY DEVELOPMENT COSTS. 8.1 Actual property development costs, consist of : In Thousand 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 Land and land development costs 2,404,288 2,456,010 2,404,288 2,456,010 Utilities development costs 887,163 801,809 887,163 801,809 Construction in progress 4,704,514 4,086,309 4,711,684 4,086,309 Interest capitalization 462,558 438,071 462,558 438,071 Total 8,458,523 7,782,199 8,465,693 7,782,199 Less Transfer to inventory (128,908) (131,920) (128,908) (131,920) Transfer to inventory (6,936,831) (6,008,265) (6,936,831) (6,008,265) Property development costs, net 1,392,784 1,642,014 1,399,954 1,642,014 As at March 31, 2021 and December 31, 2020, most of Company’s land and construction in the projects are mortgaged as collateral against credit facilities for loans with local commercial bank, as discussed in Note 17 and Note 19. For the three-month periods ended March 31, 2021 and 2020, the Company recorded the related interest expense amounting approximately to Baht 3.11 million and Baht 8.36 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 4.32% and 6.29%, respectively.
Sample 1
PROPERTY DEVELOPMENT COSTS. 10.1 Actual property development costs consist of : In Baht Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 Lands and land development costs 2,962,707,367.99 3,128,940,568.15 2,962,707,367.99 3,128,940,568.15 Utilities 1,140,774,908.78 1,148,446,802.46 1,140,774,908.78 1,148,446,802.46 Construction in progress 5,705,995,141.05 5,343,855,891.57 5,705,995,141.05 5,343,855,891.57 Interest capitalization 491,776,329.18 457,147,853.64 491,776,329.18 457,147,853.64 Total 10,301,253,747.00 10,078,391,115.82 10,301,253,747.00 10,078,391,115.82 Less transfer to inventory (311,754,062.17) (486,362,416.24) (311,754,062.17) (486,362,416.24) transfer to cost of sale (8,391,785,780.41) (7,502,404,805.13) (8,391,785,780.41) (7,502,404,805.13) Property development costs, net 1,597,713,904.42 2,089,623,894.45 1,597,713,904.42 2,089,623,894.45 As at December 31, 2018 and 2017, almost of the Company’s land and construction in the projects are mortgaged as collateral against credit facilities for some long-term loans with local financial institutions, as discussed in Note 21. For the years ended December 31, 2018 and 2017, the Company recorded the related interest expense amounting to approximately Baht 53.47 million and Baht 59.33 million, respectively, as part of property development costs. The capitalization rate for calculate interest is 7.01% and 6.45%, respectively. 10.2 OBLIGATION AND COMMITMENT UNDER REAL ESTATE PROJECTS Consolidated/Separate Financial Statements 2018 2017 Number of projects on hand, beginning of year 20 22 Number of newly open projects 2 - Number of closing projects (1) (1) Number of project, transfer to land held for development - (1) Number of projects on hand, ending of year 21 20 Total current projects value (In million Baht) 13,933.31 13,617.71 Contracted sales value (In million Baht) 10,660.44 9,375.98 As percentage of total current projects value 76.51 68.85 As at December 31, 2018 and 2017, the Company has the obligation and the commitment to complete the public utility development project for projects on hand in the amount of Baht 38.88 million and Baht 54.22 million, respectively.
Sample 1
PROPERTY DEVELOPMENT COSTS. 8.1 Actual property development costs, consist of : In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September 30, 2023 (For the nine- month) As at December 31, 2022 (For the year) As at September 30, 2023 (For the nine- month) As at December 31, 2022 (For the year) Land and land development costs 2,656,253 3,901,109 2,656,253 3,921,684 Utilities development costs 808,732 1,510,166 808,732 1,510,166 Construction in progress 3,350,517 7,015,392 3,370,041 7,009,608 Interest capitalization 172,224 532,227 172,224 532,227 Total 6,987,726 12,958,894 7,007,250 12,973,685 Less Transfer to inventory (128,039) (152,729) (128,039) (152,729) Transfer to costs of goods sold (3,370,681) (9,940,476) (3,370,681) (9,940,476) Property development costs, net 3,489,006 2,865,689 3,508,530 2,880,480 As at September 30, 2023 and December 31, 2022, most of Company’s land and construction in the projects are mortgaged as collateral against credit facilities for loans with local commercial bank, as discussed in Note 17 and Note 19. For the three-month periods ended September 30, 2023 and 2022, the Company recorded the related interest expense amounting approximately to Baht 17.07 million and Baht 10.59 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 4.85%. For the nine-month periods ended September 30, 2023 and 2022, the Company recorded the related interest expense amounting approximately to Baht 40.23 million and Baht 19.89 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 4.85%.
Sample 1
PROPERTY DEVELOPMENT COSTS. 8.1 Actual property development costs, consist of : In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September 30, 2021 As at December 31, 2020 As at September 30, 2021 As at December 31, 2020 Land and land development costs 2,940,475 2,456,010 2,940,475 2,456,010 Utilities development costs 1,061,456 801,809 1,061,456 801,809 Construction in progress 5,161,103 4,086,309 5,179,543 4,086,309 Interest capitalization 475,430 438,071 475,430 438,071 Total 9,638,464 7,782,199 9,656,904 7,782,199 Less Transfer to inventory (131,092) (131,920) (131,092) (131,920) Transfer to accumulated cost of sale (7,544,948) (6,008,265) (7,544,948) (6,008,265) Property development costs, net 1,962,424 1,642,014 1,980,864 1,642,014 As at September 30, 2021 and December 31, 2020, most of Company’s land and construction in the projects are mortgaged as collateral against credit facilities for loans with local commercial bank, as discussed in Note 17 and Note 19. For the three-month periods ended September 30, 2021 and 2020, the Company recorded the related interest expense amounting approximately to Baht 5.64 million and Baht 4.18 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 4.44% and 4.25%, respectively. For the nine-month periods ended September 30, 2021 and 2020, the Company recorded the related interest expense amounting approximately to Baht 13.24 million and Baht 18.12 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 4.42% and 5.02%, respectively. 8.2 Obligation and commitment under real estate projects Consolidated/Separate Financial Statements As at September As at December Number of operating projects, at the beginning of the period 30, 2021(For the nine-month) 20 31, 2020 (For the year) 19 Number of newly open projects 2 1 Number of closing projects (1) - Number of project, transfer to land held for development - - Number of operating projects, at the end of the period 21 20 Total current projects value (In million Baht) 14,527.48 12,413.56 Contracted sales value (In million Baht) 11,982.57 9,725.39 As percentage of total current projects value 82.48 78.34 As at September 30, 2021 and December 31, 2020, the Company has the obligation to complete the public utility development project for operating projects in the amount of Baht 129.95 million and Baht 89.22 million, respectively.
Sample 1
PROPERTY DEVELOPMENT COSTS. 9.1 Actual property development costs consist of : In Baht
Sample 1
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Related to PROPERTY DEVELOPMENT COSTS

  • Development Costs With respect to activities prior to the Amendment Effective Date, each Party was to pay [*] of the total Direct Development Costs of a Product incurred in accordance with the Development Budget (as defined in the Original Agreement). Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, with respect to activities on and after the Amendment Effective Date, subject to Sections 3.1.2, Alimera will be solely responsible for, and shall pay one hundred percent (100%) of, all development costs of a Product, including Direct Development Costs. Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, (i) all payments owing by CDS hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by CDS (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), further including any penalties and interest which might have accrued with respect thereto, and further including all CDS payments deferred pursuant to that February 11, 2008 letter agreement sent by CDS and executed by CDS and Alimera regarding deferral of payments under the Original Agreement as of such date; (ii) all payments owing by Alimera hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by Alimera (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), and further including any penalties and interest which might have accrued with respect thereto; and (iii) subject to Sections 3.1.1 and 3.1.2, from and after the Amendment Effective Date, CDS will have no liability whatsoever hereunder for any past, present or future development costs, including Direct Development Costs (which includes those incurred before, on and after the Amendment Effective Date), and instead Alimera shall have sole liability therefor.

  • Construction Development of the Project The Allottee has seen the proposed layout plan/demarcation-cum-zoning/sanctioned plans, / site plan / building plan, specifications, amenities and facilities, etc. depicted in the advertisement / brochure / agreement / website (as the case may be) regarding the Project where the Said Independent Floor for residential usage along with parking is located and has accepted the floor / site plan, Payment Plan and the specifications, amenities, facilities, etc. [annexed along with this Agreement] which has been approved by the competent authority, as represented by the Promoter. The Promoter shall develop the Project in accordance with the bye-laws such as Haryana Building Code, 2017, FAR, density norms, provisions prescribed, approved plans, terms and condition of the license/ allotment as well as registration of RERA, etc. Subject to the terms in this Agreement, the Promoter undertakes to strictly abide by such plans approved by the competent authorities and shall also strictly abide by the provisions and norms prescribed by the relevant State laws and shall not have an option to make any variation/ alteration/ modification in such plans, other than in the manner provided under the Act and Rules made thereunder or as per approvals/instructions/ guidelines of the competent authorities, and any breach of this term by the Promoter shall constitute a material breach of the Agreement.

  • PROPERTY IMPROVEMENTS Improvements placed on National Forest System land at the direction of either of the parties, shall thereupon become property of the United States, and shall be subject to the same regulations and administration of the Forest Service as other National Forest improvements of a similar nature. No part of this instrument shall entitle the cooperator to any share or interest in the project other than the right to use and enjoy the same under the existing regulations of the Forest Service.

  • DEVELOPMENT CHARGES The Owner agrees to pay development charges with respect to the development in accordance with the Municipality's Development Charges By-Law.

  • PROJECT 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Development of the Property Except as modified by this Agreement, the Development and the Property will be developed in accordance with all applicable local, state, and federal regulations, including but not limited to the City’s ordinances and the zoning regulations applicable to the Property, and such amendments to City ordinances and regulations that that may be applied to the Development and the Property under Chapter 245, Texas Local Government Code, and good engineering practices (the “Applicable Regulations”). If there is a conflict between the Applicable Regulations and the Development Standards, the Development Standards shall control.

  • Project Cost a. The estimated cost of the Project is $ 97,740.00. This amount is based upon the Schedule of Financial Assistance in Exhibit "B", attached to and incorporated in this Agreement. Exhibit “B” may be modified by mutual execution of an amendment as provided for in paragraph 5.i.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

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