- 73 - 39. COMMITMENTS, LETTERS OF GUARANTEE AND SIGNIFICANT AGREEMENTS (a) Commitments under agreements Unit : Million Baht Consolidated financial statements Separate financial statements As at December 31, 2021 2020 2021 2020 Contracted but not recognised in the financial statements - Purchase agreements for machinery and construction 12,585 1,271 12,570 1,254 - Consultation agreements 458 267 457 267 - Other agreements 1,002 912 1,011 889 Total 14,045 2,450 14,038 2,410 During 2021, the Company has entered into the construction contracts for a new plant with the contractors. The contracts price is totaling Baht 10,953 million. (b) Non-cancellable operating lease commitments Unit : Million Baht Consolidated financial statements Separate financial statements As at December 31, 2021 2020 2021 2020 Office building rental agreements: Not later than 1 year 1 2 1 2 Later than 1 year but not later than 5 years - - - - 1 2 1 2 Vehicle rental agreements: Not later than 1 year 2 2 2 2 Later than 1 year but not later than 5 years - - - - 2 2 2 2 Computer rental agreements: Not later than 1 year 38 14 38 13 Later than 1 year but not later than 5 years 8 13 8 12 46 27 46 25 Total commitments under lease agreements 49 31 49 29 Service agreements: Not later than 1 year 27 78 26 77 Later than 1 year but not later than 5 years 13 31 13 30 Total commitments under service agreements 40 109 39 107 (c) Letters of guarantee and other commitments Unit : Million Baht Consolidated financial statements Separate financial statements As at December 31, 2021 2020 2021 2020 Letters of guarantee: Bank guarantees 150 150 148 148 Other commitments: Outstanding letters of credits 146 70 115 70 375 NOTES TO THE FINANCIAL STATEMENTS IRPC PUBLIC COMPANY LIMITED
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