As at December 31, 2011 and 2010, the Company has the obligation and the commitment to complete the public utility development project for projects on hand in the amount of Baht 144.68 million and Baht 104.38 million, respectively.
12.3 Land Held For Development Beginning balance Increase Total Less transfer to property development costs decrease for sell Land held for development
In Baht Consolidated Financial Statements Separate Financial Statements 2011 2010 2010 2011
1,408,598,944.54 1,241,669,298.00 1,404,690,071.41 1,237,768,131.11 339,549,501.65 166,929,646.54 339,549,501.65 166,921,940.30 1,748,148,446.19 1,408,598,944.54 1,744,239,573.06 1,404,690,071.41 (210,326,601.91) - (210,326,601.91) (167,002,866.76) - (163,450,604.63) 1,370,818,977.52 1,408,598,944.54 1,370,462,366.52 1,404,690,071.41
As at, December 31, 2011 and 2010, the Company and subsidiary have mortgaged land held for development as collateral against credit facilities for long-term loans with local financial institutions in the amount of Baht 1,542.98 million and Baht 1,700.83 million, respectively.
13. Other current assets-net consist of the following :
Prepaid expense Receivables - the Revenue Department Advance expense Account receivable from lawsuit (see note 34.4a) Advance received from sale of lands Short-term loans to employee Other current assets Total Less Allowance for doubtful accounts Net
In Baht Consolidated Financial Statements Separate Financial Statements 2011 2010 2010 2011 2,642,261.34 840,134.59 3,139,781.39 180,000.00 - 4,421,660.00 1,634,358.68 12,858,196.00 (313,154.00) 12,545,042.00
2,016,704.02 946,289.17 2,136,004.18 180,000.00 4,100,000.00 - 1,600,120.89 10,979,118.26 (313,154.00) 10,665,964.26
2,618,532.94 731,335.16 - 180,000.00 - 4,053,190.00 1,206,572.18 8,789,630.28 (313,154.00) 8,476,476.28
1,990,545.74 761,239.45 180,000.00 4,100,000.00 1,562,244.86 8,594,030.05 (313,154.00) 8,280,876.05
Changes in the allowance for doubtful accounts during the years are as follows:In Baht Consolidated Financial Statements Separate Financial Statements 2011 2010 2011 2010 Beginning balance Increase Decrease Ending balance
313,154.00 - - 313,154.00
316,578.00 - (3,424.00) 313,154.00
313,154.00 - - 313,154.00
316,578.00 (3,424.00) 313,154.00
During the year 2010, the allowance for doubtful accounts decreased due to the return from customers of Baht 0.003 million.
124 Annual Report 2011