Page 171 - Mono Technology Public Company Limited : Annual Report 2014 EN

13. Cost of spectrum license

(Unit: Million Baht)
Cost

31 December 2013 -
Additions 2,251

31 December 2014 2,251

Accumulated amortisation

31 December 2013 -
Amortisation for the year 103

31 December 2014 103

Net book value

31 December 2013 -
31 December 2014 2,148

Mono Broadcast Co., Ltd. (Broadcast) won a digital TV spectrum license auction for variety Standard
Definition (SD) (the license) held by the National Broadcasting and Telecommunications Commission

(NBTC). Broadcast was required to make payment for the bid price of Baht 2,250 million (exclusive of
VAT) under the following payment conditions:

1) Payment for the minimum bid price amounting to Baht 380 million, divided into 4 installments
and has to be made within 3 years from the date of obtaining the license as specified by NBTC.

2) For the exceeding amount of the minimum bid price amounting to Baht 1,870 million, the payment
is divided into 6 installments and has to be made within 5 years from the date of obtaining the
license as specified by NBTC.

The license is valid for 15 years from the date of the license (25 April 2014). On 11 February 2014, Broadcast

paid 50% of the minimum bid price and 10% of the exceeding amount of the minimum bid price plus VAT,
totaling Baht 365 million, net of the deposit for digital TV spectrum license auction amounting to Baht 38
million, and submitted bank guarantee to pay the remaining bid price to the NBTC. Broadcast recorded
the remaining bid price of Baht 1,873 million (exclusive of VAT) as Cost of spectrum license payable in

the consolidated statement of financial position.

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.

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