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RS Public Company Limited
RS Public Company Limited Notes to the Consolidated and Separate Financial Statements For the year ended 31 December 2018 13
Buildings and equipment (net) (Cont’d) Leased assets included above, where the Company and the subsidiaries are the lessee under the financial lease agreement comprise vehicles as follows: Consolidated financial statements 2018 2017 Baht Baht Cost of the assets under the financial lease agreements Less Accumulated depreciation Net book amount
14
Separate financial statements 2018 2017 Baht Baht
53,181,399 (19,230,314)
53,181,399 (11,216,510)
53,181,399 (19,230,314)
53,181,399 (11,216,510)
33,951,085
41,964,889
33,951,085
41,964,889
License for operation right in spectrum of digital television (net) Movement of license for operation right in spectrum of digital television during the years ended 31 December 2018 and 2017 are summarised below. Consolidated financial statements 2018 2017 Baht Baht Cash equivalent value (present value) Less Accumulated amortisation
2,030,326,376 (634,588,094)
2,030,326,376 (499,241,528)
1,395,738,282
1,531,084,848
On 25 April 2014, the subsidiary (“RS Television Co., Ltd.”) was granted license for operation right in spectrum of digital television for commercial digital terrestrial television license at national level for a news channel category of total bid amount of Baht 2,265 million (exclusive of VAT) for a period of 15 years (commencing 25 April 2014 to 24 April 2029). On 20 December 2016, National Council for Peace and Order (NCPO) issued an order No.76/2559 under Section 44 of Constitution of the Kingdom of Thailand (interim) to promote the business of radio broadcasting, television broadcasting and telecommunications for public interest. The order allows the license holders, who were unable to comply with the initial terms and conditions of license fee payment from the fourth instalment onwards, to extend the payment term by providing a written notification to NBTC in advance. In case NBTC deems the requests appropriate, those license holders are able to pay the rest of license fees in accordance with the terms and conditions within this order, which are extended. The subsidiary was required to make payment under the following payment conditions: 1)
For the minimum bid price amounting to Baht 380 million, the amount is divided into 4 instalments and has to be paid within 3 years (ended 23 May 2017) from the date of acquiring the license as specified by National Broadcasting and Telecommunication Commission (“NBTC”). According to National Council for Peace and Order No. 76/2016 determined the license fee payment for operation right in spectrum which group was received the letter to extent the payment license fee of operation right in spectrum from NBTC at 22 March 2017. The license payment for the remaining minimum bid price amounting to Baht 38 million is divided into 2 instalments as follows;
First instalment: The minimum bid price amounting to Baht 19 million has to be paid within 23 May 2017.
Second instalment: The minimum bid price amounting to Baht 19 million has to be paid within 30 days from the new due date for payment with the interest from the former due date for payment (ended 23 May 2017) to the full payment submission date.
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