LAND HELD FOR DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March As at December As at March As at December 31, 2021 31, 2020 31, 2021 31, 2020 Beginning balance 1,636,618 1,673,191 1,563,210 1,599,783 Add - Increase during the year 43,606 52,456 43,606 52,456 - Transfer from property development costs - 27,906 - 27,906 Total 1,680,224 1,753,553 1,606,816 1,680,145 Less - decrease during the year 1,770 - 1,771 - - Transfer to property development costs (11,399) (116,935) (11,399) (116,935) Ending balance 1,670,595 1,636,618 1,597,188 1,563,210 513,127 451,636 512,771 451,279 1,157,468 1,184,982 1,084,417 1,111,931 1,670,595 1,636,618 1,597,188 1,563,210 Land held for development Current Non-current As at March 31, 2021 and December 31, 2020, most of the Company’s land held for development are mortgaged as collateral against the credit facilities for long-term loans with local commercial banks, as discussed in Note 19.
LAND HELD FOR DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June 30, 2018 As at December 31, 2017 As at June 30, 2018 As at December 31, 2017 Beginning balance 1,793,635 1,464,839 1,720,227 1,391,431 Add during the period 95,873 - 95,873 - - Transfer from property development costs 38,177 328,796 38,177 328,796 Total 1,927,685 1,793,635 1,854,277 1,720,227 Less during the period (17,100) - (17,100) - Land held for development 1,910,585 1,793,635 1,837,177 1,720,227 As at June 30, 2018 and December 31, 2017, most of the Company’s land held for development are mortgaged as collateral against the credit facilities for long-term loans with local commercial banks, as discussed in Note 15.
LAND HELD FOR DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March 31, 2020 As at December 31, 2019 As at March 31, 2020 As at December 31, 2019 Beginning balance 1,673,191 1,954,096 1,599,783 1,880,688 Add during the period - 64,846 - 64,846 - Transfer from property development costs 27,906 65,445 27,906 65,445 Total 1,701,097 2,084,387 1,627,689 2,010,979 Less decrease during the period - (337,545) - (337,545) - Transfer to property development costs (48,838) (73,651) (48,838) (73,651) Land held for development 1,652,259 1,673,191 1,578,851 1,599,783 As at March 31, 2020 and December 31, 2019, most of the Company’s land held for development are mortgaged as collateral against the credit facilities for long-term loans with local commercial banks, as discussed in Note 20.
LAND HELD FOR DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June 30, 2014 As at December 31, 2013 As at June 30, 2014 As at December 31, 2013 Beginning balance 1,211,563 1,780,965 1,211,207 1,780,609 Add during the period 87,365 156,856 18,865 156,856 Total 1,298,928 1,937,821 1,230,072 1,937,465 Less - transfer to property development costs - decrease for reversal of liabilities from purchasing the real estate project (as discussed in note 18) (49,000) (1,800) (717,858) (8,400) (49,000) (1,800) (717,858) (8,400) Land held for development 1,248,128 1,211,563 1,179,272 1,211,207 During the period, a subsidiary has acquired the land at the amount of Baht 68.50 million as there will be property development plan in the future. As at June 30, 2014 and December 31, 2013, some parts of Company’s land held for development as collateral against credit facilities for long-term loans with local commercial bank, as discussed in note 16.
LAND HELD FOR DEVELOPMENT. Land held for development consist of the following : In Baht Consolidated Financial Statements Separate Financial Statements 2019 2018 2019 2018 Beginning balance 1,954,095,684.81 1,793,634,688.71 1,880,688,125.81 1,720,227,129.71 Add during the year 64,846,200.00 153,625,457.00 64,846,200.00 153,625,457.00 Liabilities from purchasing the real estate project - 15,843,800.00 - 15,843,800.00 Transfer from property development costs 65,444,591.74 45,546,972.93 65,444,591.74 45,546,972.93 Total 2,084,386,476.55 2,008,650,918.64 2,010,978,917.55 1,935,243,359.64 Less during the year (337,544,693.54) (36,227,308.62) (337,544,693.54) (36,227,308.62) Transfer to property development costs (73,651,017.06) (18,327,925.21) (73,651,017.06) (18,327,925.21) Land held for development 1,673,190,765.95 1,954,095,684.81 1,599,783,206.95 1,880,688,125.81 As at December 31, 2019 and 2018, almost of the Company’s land held for development in the total amount Baht 309.94 million and Baht 329.14 million, respectively are mortgaged as collateral against the credit facilities for long-term loans with a local commercial bank, as discussed in Note 19.
LAND HELD FOR DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December 30, 2018 31, 2017 30, 2018 31, 2017 Beginning balance 1,793,635 1,464,839 1,720,227 1,391,431 Add during the period 95,874 - 95,874 - - Transfer from property development costs 40,570 328,796 40,570 328,796 Total 1,930,079 1,793,635 1,856,671 1,720,227 Less during the period (17,100) - (17,100) - - Transfer to property development costs (1,700) - (1,700) - Land held for development 1,911,279 1,793,635 1,837,871 1,720,227 As at September 30, 2018 and December 31, 2017, most of the Company’s land held for development are mortgaged as collateral against the credit facilities for long-term loans with local commercial banks, as discussed in Note 15. On July 13, 2018, the Company has entered into a land to buy/to sell agreement with another company by agreeing to sell a land plot totaling in the amount of Baht 324.29 million with the land ownership on November 13, 2018. On the agreement signing date, the Company has already received partial deposit in the amount of Baht 97.28 million.
LAND HELD FOR DEVELOPMENT. Land held for development consist of the following : In Baht Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 Beginning balance 1,793,634,688.71 1,464,839,032.71 1,720,227,129.71 1,391,431,473.71 Add during the year 153,625,457.00 - 153,625,457.00 - Liabilities from purchasing the real estate project 15,843,800.00 - 15,843,800.00 - Transfer from property development costs 45,546,972.93 328,795,656.00 45,546,972.93 328,795,656.00 Total 2,008,650,918.64 1,793,634,688.71 1,935,243,359.64 1,720,227,129.71 Less during the year (36,227,308.62) - (36,227,308.62) - Transfer to property development costs (18,327,925.21) - (18,327,925.21) - Land held for development 1,954,095,684.81 1,793,634,688.71 1,880,688,125.81 1,720,227,129.71 As at December 31, 2018 and 2017, almost of the Company’s land held for development in the total amount Baht 1,880.69 million and Baht 1,700.23 million, respectively are mortgaged as collateral against the credit facilities for long-term loans with a local commercial bank, as discussed in Note 21.
LAND HELD FOR DEVELOPMENT. (Unzoned).
LAND HELD FOR DEVELOPMENT. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March As at December 31, 2019 31, 2018 As at March As at December 31, 2019 31, 2018 Beginning balance 1,954,096 1,793,635 1,880,688 1,720,227 Add during the period - 153,625 - 153,625 - Liabilities from purchasing the real estate project - 15,844 - 15,844 - Transfer from property development costs 26,963 45,547 26,963 45,547 Total 1,981,059 2,008,651 1,907,651 1,935,243 Less during the period (5,649) (36,227) (5,649) (36,227) - Transfer to property development costs - (18,328) - (18,328) Land held for development 1,975,410 1,954,096 1,902,002 1,880,688 As at March 31, 2019 and December 31, 2018, most of the Company’s land held for development are mortgaged as collateral against the credit facilities for long-term loans with local commercial banks, as discussed in Note 15.
LAND HELD FOR DEVELOPMENT. (Unzoned). Without the consent of the Administrative Agent and the Required Lenders, the Company and its Subsidiaries shall not purchase or hold any Real Estate Held for Development, whether now owned or acquired hereafter which is not zoned for single-family residential use, or any series of purchases of adjacent, related or contiguous parcels of such property, or such property in the same geographical location, in excess of the aggregate sum of $2,500,000, valued at the lesser of cost or market outstanding at any time.
