Page 325 - BTSGroup ONE REPORT 2021/22_EN

BTS Group Holdings Public Company Limited 6.4 Notes to Consolidated Financial Statements 323
Annual Report 2021/22

approximately Baht 1,840 million and EUR 3 million. BTSC was 49.3.2 Northern Bangkok Monorail Company Limited and Eastern Bangkok
committed to the service fee payment of Baht 1,437 million and EUR Monorail Company Limited
2 million (2021: Baht 1,548 million and EUR 3 million). The station Commitments totaling EUR 14 million and Baht 4,705 million (2021:
maintenance contract of the Green line Mochit-Sapanmai-Kukot EUR 56 million and Baht 14,337 million) in respect of the design and
has a period of 4 years and 4 months from 2020 to 2025, with the construction of civil works, the procurement of electronic and mechanical
total contract value of approximately 464 Baht million. BTSC was systems and related equipment and the other related services for the
committed to the service fee payment of Baht 192 million (2021: Baht MRT Pink Line Project and the MRT Yellow Line Project (Under these
269 million). agreements, the subsidiaries paid advances amounting to EUR 1 million,
equivalent to Baht 58 million, and Baht 347 million (2021: EUR 5 million,
g) The station maintenance contract for the secondary mass transit equivalent to Baht 202 million, and Baht 1,358 million)).
system, the Gold line, has a period of 5 years (as from the date the
full maintenance system has been commenced), with the total contract 49.4 Lease Commitments
value of approximately Baht 38 million. BTSC was committed to the As at 31 March 2022, the Group has future lease payments required
service fee payment of Baht 29 million (2021: Baht 36 million). under these non-cancellable leases contracts that have not yet
commenced as follows:
h) Commitments under agreements with contractors relating to the
procurement and installation of electronic and mechanical systems (Unit: Thousand Baht)
for the mass transit system - Green Line (Mochit-Sapanmai-Kukot and Consolidated and separate f nancial statements
Bearing-Samutprakan) and Gold Line Monorail. BTSC had committed
to pay based on the agreements of Baht 49 million (2021: Baht 308 2022 2021
million). Over 1 and up to 5 years 156,373 -
Over 5 years 289,414 -
i) Commitments under an agreement granting rights to operate the Total 445,787 -
Bus Rapid Transit (BRT) project, whereby BTSC is to pay fees to
Krungthep Thanakom Company Limited under conditions stipulated 49.5 Guarantees
in the agreement. a) The Group had outstanding bank guarantees issued by a bank
amounting to Baht 177 million (Separate financial statement: Nil)
The obligations as described in a) to e) will be allocated for collection (2021: Baht 174 million (Separate financial statement: Nil)) to guarantee
from BTS Rail Mass Transit Growth Infrastructure Fund (“BTSGIF”) in contractual performance, electricity use, in respect of certain
accordance with bases and assumptions determined by the subsidiary performance bonds as required in the normal course of business and
and BTSGIF. The subsidiary’s management believes that these bases Baht 111 million (2021: Baht 111 million) to guarantee the obligations
and assumptions are appropriate under the current circumstances. relating to the Green Line and Gold Line.