Page 171 - Annual Report 2015 - Mono Technology Public Company Limited

The license is valid for 15 years from the date of the license (25 April 2014). In the current year Broadcast paid Baht 301 million for the cost of spectrum license (2014: Baht 339 million).
As at 31 December 2015, Broadcast had the cost spectrum license payable remaining bid price of Baht 1,572 million.
During the year, the amortization of the cost of spectrum license amounting to Baht 129 million.(2014: Baht 89 million).
In addition, Broadcast is required to pay license fee, other fees and fee for the Broadcasting and Telecommunications Research and Development Fund for the Public Interest as specified by NBTC.
In compliance with preconditions to receive the license, on 17 January 2014 Broadcast entered into a lease agreement to lease for digital terrestrial television service with the Royal Thai Army Radio and Television Station (“RTART”) to broadcast digital television signal via RTART multiplexes. The service will be valid from 17 January 2014 to 31 May 2028 and Broadcast must pay a monthly service fee as stipulated in the agreement.
15. Short-term loans from financial institutions
Short-term loan from financial institutions of the Company and its subsidiaries, on which interest is changed at a rate close to the Minimum Loan Rate, are secured by the company and its subsidiaries.
16. Trade and other payables
(Unit: Million Baht)
Trade payables - related parties (Note 7) 78 Trade payables - unrelated parties 81 Other payables - related parties (Note 7) 23 Other payables - unrelated parties 12 Accrued expenses 3 Payables for equipment 5
17. Long-term loan from bank
In 2014, Broadcast entered into a new loan agreement with a local commercial bank amounting to Baht 1,350 million. The loan is subject to interest at a rate close to the Minimum Loan Rate and is to be settled on a quarterly basis in 24 installments. The first installment will be due on 30 September 2017 and settlement is to be completed by 30 June 2023. The loan is guaranteed by the Company. The loan agreement contains several covenants, among other things, require Broadcast to maintain certain financial ratios at the rate prescribed in the agreements and the shareholdings of its current shareholders.
As at 31 December 2015, the long-term credit facility of Broadcast which has not yet been drawn down amounted to Baht 625 million (31 December 2014: Baht 947 million).
Total trade and other payables
Consolidated financial statements
109
23
81
95
184
493
1
172
15
56
49
75
367
-
Separate financial statements
2015
2014
2015
169
51
20
14
35
289
-
2014
202
Annual Report 2015
171