PROPERTY DEVELOPMENT COSTS Sample Clauses

PROPERTY DEVELOPMENT COSTS. 6.1 Actual property development costs consist of : In Thousand Baht Consolidated/Separate Financial Statements As at June 30, 2019 As at December 31, 2018 Land and land development costs 3,014,905 2,962,707 Utilities development costs 1,158,749 1,140,775 Construction in progress 5,824,483 5,710,387 Interest capitalization 507,096 491,777 Total 10,505,233 10,305,646 Less Transfer to inventory (241,453) (316,146) Transfer to accumulated cost of sale (8,750,754) (8,391,786) Property development costs - net 1,513,026 1,597,714 As at June 30, 2019 and December 31, 2018, most of Company’s land and construction in the projects are mortgaged as collateral against credit facilities for loans with local commercial bank, as discussed in Note 13 and Note 14. For the three-month periods ended June 30, 2019 and 2018, the Company recorded the related interest expense amounting approximately to Baht 8.80 million and Baht 9.86 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 7.26% and 6.87%, respectively For the six-month periods ended June 30, 2019 and 2018, the Company recorded the related interest expense amounting approximately to Baht 17.36 million and Baht 20.76 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 6.74% and 7.07%, respectively
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PROPERTY DEVELOPMENT COSTS. 8.1 Actual property development costs, consist of : In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June 30, 2021 As at December 31, 2020 As at June 30, 2021 As at December 31, 2020 Land and land development costs 2,736,131 2,456,010 2,736,131 2,456,010 Utilities development costs 940,714 801,809 940,714 801,809 Construction in progress 4,953,286 4,086,309 4,968,777 4,086,309 Interest capitalization 467,214 438,071 467,214 438,071 Total 9,097,345 7,782,199 9,112,836 7,782,199 Less Transfer to inventory (130,258) (131,920) (130,258) (131,920) Transfer to accumulated cost of sale (7,252,192) (6,008,265) (7,252,192) (6,008,265) Property development costs, net 1,714,895 1,642,014 1,730,386 1,642,014 As at June 30, 2021 and December 31, 2020, most of Company’s land and construction in the projects are mortgaged as collateral against credit facilities for loans with local commercial bank, as discussed in Note 17 and Note 19. For the three-month periods ended June 30, 2021 and 2020, the Company recorded the related interest expense amounting approximately to Baht 4.59 million and Baht 5.58 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 4.47% and 5.15%, respectively. For the six-month periods ended June 30, 2021 and 2020, the Company recorded the related interest expense amounting approximately to Baht 7.70 million and Baht 13.94 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 4.01% and 6.16%, respectively.
Sample 1
PROPERTY DEVELOPMENT COSTS. 8.1 Actual property development costs, consist of : In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March 31, 2021 As at December 31, 2020 As at March 31, 2021 As at December 31, 2020 Land and land development costs 2,404,288 2,456,010 2,404,288 2,456,010 Utilities development costs 887,163 801,809 887,163 801,809 Construction in progress 4,704,514 4,086,309 4,711,684 4,086,309 Interest capitalization 462,558 438,071 462,558 438,071 Total 8,458,523 7,782,199 8,465,693 7,782,199 Less Transfer to inventory (128,908) (131,920) (128,908) (131,920) Transfer to inventory (6,936,831) (6,008,265) (6,936,831) (6,008,265) Property development costs, net 1,392,784 1,642,014 1,399,954 1,642,014 As at March 31, 2021 and December 31, 2020, most of Company’s land and construction in the projects are mortgaged as collateral against credit facilities for loans with local commercial bank, as discussed in Note 17 and Note 19. For the three-month periods ended March 31, 2021 and 2020, the Company recorded the related interest expense amounting approximately to Baht 3.11 million and Baht 8.36 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 4.32% and 6.29%, respectively.
Sample 1
PROPERTY DEVELOPMENT COSTS. 9.1 Actual property development costs consist of : In Baht Consolidated Financial Statements Separate Financial Statements 2019 2018 2019 2018 Lands and land development costs 2,873,114,178.18 2,962,707,367.99 2,873,114,178.18 2,962,707,367.99 Utilities 1,046,323,011.56 1,140,774,908.78 1,046,323,011.56 1,140,774,908.78 Construction in progress 4,970,629,978.23 5,710,387,537.20 4,970,629,978.23 5,710,387,537.20 Interest capitalization 517,658,330.09 491,776,329.18 517,658,330.09 491,776,329.18 Total 9,407,725,498.06 10,301,253,747.00 9,407,725,498.06 10,305,646,143.15 Less transfer to inventory (180,342,204.81) (316,146,458.32) (180,342,204.81) (316,146,458.32) transfer to cost of sale (7,337,366,808.92) (8,391,785,780.41) (7,337,366,808.92) (8,391,785,780.41) Property development costs, net 1,890,016,484.33 1,597,713,904.42 1,890,016,484.33 1,597,713,904.42 As at December 31, 2019 and 2018, almost of the Company’s land and construction in the projects are mortgaged as collateral against credit facilities for some long-term loans with local financial institutions, as discussed in Note 19. For the years ended December 31, 2019 and 2018, the Company recorded the related interest expense amounting to approximately Baht 31.91 million and Baht 53.47 million, respectively, as part of property development costs. The capitalization rate for calculate interest is 5.69% and 7.01%, respectively. 9.2 OBLIGATION AND COMMITMENT UNDER REAL ESTATE PROJECTS Consolidated/Separate Financial Statements 2019 2018 Number of projects on hand, beginning of year 21 20 Number of newly open projects 2 2 Number of closing projects (4) (1) Number of project, transfer to land held for development - - Number of projects on hand, ending of year 19 21 Total current projects value (In million Baht) 15,434.82 13,933.31 Contracted sales value (In million Baht) 12,042.20 10,660.44 As percentage of total current projects value 78.02 76.51 As at December 31, 2019 and 2018, the Company has the obligation and the commitment to complete the public utility development project for projects on hand in the amount of Baht 83.98 million and Baht 38.88 million, respectively.
Sample 1
PROPERTY DEVELOPMENT COSTS. 8.1 Actual property development costs, consist of : In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March 31, 2022 As at December 31, 2021 As at March 31, 2022 As at December 31, 2021 Land and land development costs 3,421,409 3,127,109 3,421,409 3,127,109 Utilities development costs 1,238,354 1,177,988 1,238,354 1,177,988 Construction in progress 6,071,446 5,785,020 6,101,300 5,806,788 Interest capitalization 505,073 495,775 505,073 495,775 Total 11,236,282 10,585,892 11,266,136 10,607,660 Less Transfer to inventory (131,236) (114,163) (131,236) (114,163) Transfer to costs of goods sold (8,825,553) (8,443,123) (8,825,553) (8,443,123) Property development costs, net 2,279,493 2,028,606 2,309,347 2,050,374 As at March 31, 2022 and December 31, 2021, most of Company’s land and construction in the projects are mortgaged as collateral against credit facilities for loans with local commercial bank, as discussed in Note 17 and Note 19. For the three-month periods ended March 31, 2022 and 2021, the Company recorded the related interest expense amounting approximately to Baht 9.30 million and Baht 3.11 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 4.85% and 4.32%, respectively.
Sample 1
PROPERTY DEVELOPMENT COSTS. 8.1 Actual property development costs, consist of : In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September 30, 2023 (For the nine- month) As at December 31, 2022 (For the year) As at September 30, 2023 (For the nine- month) As at December 31, 2022 (For the year) Land and land development costs 2,656,253 3,901,109 2,656,253 3,921,684 Utilities development costs 808,732 1,510,166 808,732 1,510,166 Construction in progress 3,350,517 7,015,392 3,370,041 7,009,608 Interest capitalization 172,224 532,227 172,224 532,227 Total 6,987,726 12,958,894 7,007,250 12,973,685 Less Transfer to inventory (128,039) (152,729) (128,039) (152,729) Transfer to costs of goods sold (3,370,681) (9,940,476) (3,370,681) (9,940,476) Property development costs, net 3,489,006 2,865,689 3,508,530 2,880,480 As at September 30, 2023 and December 31, 2022, most of Company’s land and construction in the projects are mortgaged as collateral against credit facilities for loans with local commercial bank, as discussed in Note 17 and Note 19. For the three-month periods ended September 30, 2023 and 2022, the Company recorded the related interest expense amounting approximately to Baht 17.07 million and Baht 10.59 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 4.85%. For the nine-month periods ended September 30, 2023 and 2022, the Company recorded the related interest expense amounting approximately to Baht 40.23 million and Baht 19.89 million, respectively, as part of property development costs. The capitalization rate for calculation of interest is 4.85%.
Sample 1
PROPERTY DEVELOPMENT COSTS. 9.1 Actual property development costs consist of : In Baht
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PROPERTY DEVELOPMENT COSTS. 6.1 Actual property development costs consist of : In Thousand Baht Consolidated/Separate Financial Statements As at September 30, 2018 As at December 31, 2017 Land and land development costs 2,892,403 3,128,940 Utilities development costs 1,010,051 1,148,447 Construction in progress 4,785,996 5,343,856 Interest capitalization 469,280 457,148 Total 9,157,730 10,078,391 Less Transfer to inventory (386,984) (486,362) Transfer to accumulated cost of sale (6,960,532) (7,502,405) Property development costs - net 1,810,214 2,089,624 As at September 30, 2018 and December 31, 2017, most of Company’s land and construction in the projects are mortgaged as collateral against credit facilities for loans with local commercial bank, as discussed in Note 13 and Note 15. For the three-month periods ended September 30, 2018 and 2017, the Company recorded the related interest expense as part of property development costs amounting approximately to Baht 11.63 million and Baht 4.50 million, respectively. The capitalization rate for calculation of interest is 7.99% and 5.66%, respectively For the nine-month periods ended September 30, 2018 and 2017, the Company recorded the related interest expense as part of property development costs amounting approximately to Baht
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Related to PROPERTY DEVELOPMENT COSTS

  • Development Costs With respect to activities prior to the Amendment Effective Date, each Party was to pay [*] of the total Direct Development Costs of a Product incurred in accordance with the Development Budget (as defined in the Original Agreement). Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, with respect to activities on and after the Amendment Effective Date, subject to Sections 3.1.2, Alimera will be solely responsible for, and shall pay one hundred percent (100%) of, all development costs of a Product, including Direct Development Costs. Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, (i) all payments owing by CDS hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by CDS (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), further including any penalties and interest which might have accrued with respect thereto, and further including all CDS payments deferred pursuant to that February 11, 2008 letter agreement sent by CDS and executed by CDS and Alimera regarding deferral of payments under the Original Agreement as of such date; (ii) all payments owing by Alimera hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by Alimera (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), and further including any penalties and interest which might have accrued with respect thereto; and (iii) subject to Sections 3.1.1 and 3.1.2, from and after the Amendment Effective Date, CDS will have no liability whatsoever hereunder for any past, present or future development costs, including Direct Development Costs (which includes those incurred before, on and after the Amendment Effective Date), and instead Alimera shall have sole liability therefor.

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Development of the Property Except as modified by this Agreement, the Development and the Property will be developed in accordance with all applicable local, state, and federal regulations, including but not limited to the City’s ordinances and the zoning regulations applicable to the Property, and such amendments to City ordinances and regulations that that may be applied to the Development and the Property under Chapter 245, Texas Local Government Code, and good engineering practices (the “Applicable Regulations”). If there is a conflict between the Applicable Regulations and the Development Standards, the Development Standards shall control.

  • Project Cost a. The estimated cost of the Project is $ 97,740.00. This amount is based upon the Schedule of Financial Assistance in Exhibit "B", attached to and incorporated in this Agreement. Exhibit “B” may be modified by mutual execution of an amendment as provided for in paragraph 5.i.

  • Project Costs Simultaneously with the execution of this Agreement, the Company shall disclose to the Department all of the Project Costs which the Company seeks to include for purposes of determining the limitation of the amount of the Credit pursuant to Section 5-30 of the Act and provide to the Department a Schedule of Project Costs in the form as attached hereto as Exhibit C.

  • Development of the Project 4.1 TSP's obligations in development of the Project: Subject to the terms and conditions of this Agreement, the TSP at its own cost and expense shall observe, comply with, perform, undertake and be responsible:

  • Common Area Operating Expenses Lessee shall pay to Lessor during the term hereof, in addition to the Base Rent, Lessee's Share (as specified in Paragraph 1.6(b)) of all Common Area Operating Expenses, as hereinafter defined, during each calendar year of the term of this Lease, in accordance with the following provisions:

  • Construction Contract; Cost Budget Prior to execution of a construction contract, Tenant shall submit a copy of the proposed contract with the Contractor for the construction of the Tenant Improvements, including the general conditions with Contractor (the “Contract”) to Landlord for its approval, which approval shall not be unreasonably withheld, conditioned or delayed. Following execution of the Contract and prior to commencement of construction, Tenant shall provide Landlord with a fully executed copy of the Contract for Landlord’s records. Prior to the commencement of the construction of the Tenant Improvements, and after Tenant has accepted all bids and proposals for the Tenant Improvements, Tenant shall provide Landlord with a detailed breakdown, by trade, for all of Tenant’s Agents, of the final estimated costs to be incurred or which have been incurred in connection with the design and construction of the Tenant Improvements to be performed by or at the direction of Tenant or the Contractor (the “Construction Budget”), which costs shall include, but not be limited to, the costs of the Architect’s and Engineers’ fees and the Landlord Coordination Fee. The amount, if any, by which the total costs set forth in the Construction Budget exceed the amount of the Tenant Improvement Allowance is referred to herein as the “Over Allowance Amount”. In the event that an Over-Allowance Amount exists, then prior to the commencement of construction of the Tenant Improvements, Tenant shall supply Landlord with cash in an amount equal to the Over-Allowance Amount. The Over-Allowance Amount shall be disbursed by Landlord prior to the disbursement of any of the then remaining portion of the Tenant Improvement Allowance, and such disbursement shall be pursuant to the same procedure as the Tenant Improvement Allowance. In the event that, after the total costs set forth in the Construction Budget have been delivered by Tenant to Landlord, the costs relating to the design and construction of the Tenant Improvements shall change, any additional costs for such design and construction in excess of the total costs set forth in the Construction Budget shall be added to the Over-Allowance Amount and the total costs set forth in the Construction Budget, and such additional costs shall be paid by Tenant to Landlord immediately as an addition to the Over-Allowance Amount or at Landlord’s option, Tenant shall make payments for such additional costs out of its own funds, but Tenant shall continue to provide Landlord with the documents described in items (i), (ii), (iii) and (iv) of Section 2.2.2.1 of this Tenant Work Letter, above, for Landlord’s approval, prior to Tenant paying such costs. All Tenant Improvements paid for by the Over-Allowance Amount shall be deemed Landlord’s property under the terms of the Lease.

  • Lessee's Improvements Since Lessor is the Insuring Party, Lessor shall not be required to insure Lessee-Owned Alterations and Utility Installations unless the item in question has become the property of Lessor under the terms of this Lease.

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.

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