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15. Short-term loans from banks
Short-term loans from banks 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
Trade payables - related parties (Note 7) Trade payables - unrelated parties Other payables - related parties (Note 7) Other payables - unrelated parties Accrued expenses
Account payables - acquisition of assets Total trade and other payables
17. Long-term loans from banks
(Unit: Million Baht)
1 169 109 51 23 20 81 14 95 35 184 - 493 289
Consolidated
Consolidated
financial statements
financial statements
Separate
Separate
financial statements
financial statements
2016
2016
2015
2015
2016
2016
2015
2015
- 33 23 51 76 112
117 6 23 13 39 -
295
198
In 2014, Mono Broadcast Co., Ltd. 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.
During the current year, Mono Production Co., Ltd. entered into a new loan agreement with a local commercial bank amounting to Baht 230 million. The loan is subject to interest at a rate close to the Minimum Loan Rate and is to be settled on a monthly basis in 84 installments. The first installment was due on 31 December 2016 and settlement is to be completed by 31 May 2023. The long-term loan is secured by the mortgage of the subsidiary’s land with structures thereon, as described in Note 12 to the financial statements, the assignment of rights to receive all service income from areas and the provision of guarantees by the Company.
The loan agreement contains several covenants, among other things, require to maintain certain financial ratios at the rate prescribed in the agreements and the shareholdings of their current shareholders.
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