ChatDOC/OCRFlux-bench-single huggingface dataset:
# 30. COMMITMENTS (CONTINUED)

# 30.2 Operating lease commitments – as lessee (Continued)

As at the end of the reporting period, the Group leases office premises and other operating facilities under operating leases. Leases are negotiated and rentals are fixed for a period of 1 to 5 years (30 September 2018: 1 to 10 years) with an option to renew at the prevailing market rates. Apart from the above lease commitment, the Group is required to pay contingent rentals based on percentage of sales derived from the operations for certain rented premises.

# 30.3 Operating lease commitments – as lessor

As at the end of the reporting period, there were non-cancellable operating lease commitments for rental receivable for premises in subsequent accounting periods as follows:

Group
30.9.2019	30.9.2018
RM’000	RM’000
Within one year	1,585	366
Two to three years	366	-
1,951	366

The above lease agreements expire within 1 to 2 year expiring in 2020 (30 September 2018: within 1 year expiring in 2018). The current rent receivables under the leases are subject to revision after expiry with no provisions for contingent rent.

Upon expiry of the lease term, the lessee is granted an option to renew the tenancy for two years subject to compliance and observation of all the terms and conditions in the tenancy agreements.
Summer Universiade (2011年世界大學生夏季運動會) in Shenzhen, the 12th National Games of the PRC (中華人民共和國第十二屆運動會) in Liaoning province in 2013, the 2014 Youth Olympic Games in Nanjing and the 1st National Youth Games of the PRC(第一届全國青年運動會) in Fujian province in 2015. According to the Frost & Sullivan Report, our live sports broadcasting services were ranked second with a 25.0% market share in China in terms of revenue in 2015. In 2013, 2014 and 2015, the revenue we derived from live sports broadcasting service was approximately RMB20.3 million, RMB9.1 million and RMB14.0 million, respectively, representing approximately 4.0%, 2.2% and 2.3%, respectively, of our total revenue for the same periods.

• Graphics template design. We provide standard templates for TV programs, such as score-displaying graphics for sports game shows, as part of our graphics creation system product and our solutions containing this product. Some customers engage us to design or customize graphics templates for their digital video programs when these standard templates are insufficient to meet their needs.

• Digitization and cataloging of media asset. We use our media asset management products and solutions to help TV broadcasters digitize and catalog their analog media content on project-by-project basis. We have also started serving other types of customers such as publishers and archives to digitize their collections of paper-based documents.

• System maintenance. We provide long-term, on-site system maintenance services on project-by-project basis to customers who have installed our solutions. When providing these services, we are able to uncover opportunities to improve our solutions and products and help customers uncover their potential need for system expansion, upgrades and additional solutions and products.

The following illustrates our selected services described above.
# Our Products

Our products combine our proprietary software with third-party hardware configured to our specifications to help our customers process digital video content after its capture and ingestion. Our products focus on providing certain key functionalities of digital video post-production, and primarily include:

• Video editing systems that edit digital video of news, advertisements, channel labels, banners and captions. The video editing system is one of our principal products and a key component in many of our solutions. Our Himalaya-series video editing systems are able to address our customers’ technological needs at various levels, ranging from sophisticated, high-end editing to entry-level, basic editing. Our video editing systems support real-time editing, multi-format video editing, integrated subtitle editing, special video and audio effects management, and have a user-friendly editing interface and numerous other features.

• Graphics creation systems that generate graphics and texts and integrate them into news, sports broadcasting, weather forecasts, TV shows and other TV programs and movies. Our Mariana-series graphics creation systems offer high-performance and real-time text and graphic rendering capability, easy-to-use editing and playback features and tools to allow for independent creations of a wide variety of TV shows that are well-suited to meet the demands of professional broadcasters today. According to the Frost & Sullivan Report, Mariana-series is the first domestically developed graphics creation system in China. We have also recently developed a meteorological graphics system under the brand “Tianmu”(“天目”) that we market to local government meteorological bureaus. To meet the demand of professional meteorology broadcasting, Tianmu offers its users the ability to quickly store and integrate real-time weather data from the source and accurately generate a rich array of texts, images and 3D animations to simulate and present various kinds of climate and weather effects for our customers. According to the Frost & Sullivan Report, our graphics creation systems had an industry-leading market share of 25.2% in China in terms of 2015 revenue. In 2013, 2014 and 2015, the revenue we derived from the sale of our graphics creation systems was approximately RMB35.8 million, RMB26.1 million and RMB38.2 million, respectively, representing approximately 7.1%, 6.4% and 6.3%, respectively, of our total revenue for the same periods.

• Visual effects and video compositing systems that edit and compose video content during post- production to create special visual effects such as motion detection and tracking, color correction and 3D-space compository. In 2010, we launched our Dunhuang-series visual effects and video compositing system, which is the first domestically developed system of its kind in China according to the Frost & Sullivan Report. Compared to traditional video editing systems, the Dunhuang-series has a more comprehensive and advanced set of functions targeting more sophisticated, high-end customers.
# 4. SEGMENT INFORMATION

The Group has three reportable segments. The segments are managed separately as each business offers different products or provides different services and requires different business strategies.

The following summary describes the operations in each of the Group’s reportable segments:

QR code business segment	— Provision of QR code on product packaging and solutions and advertising
display services
Packaging products segment	— Manufacture and sale of watch boxes, jewellery boxes, eyewear cases, bags
and pouches and display units
Treasury investment segment	— Investments and trading in securities and money lending

Management monitors the results of the Group’s operating segments separately for the purpose of making decisions about resources allocation and performance assessment. Segment performance is evaluated based on reportable segment profit or loss, which is a measure of adjusted profit or loss before tax. The adjusted profit or loss before tax is measured consistently with the Group’s profit or loss before tax except that finance costs, share of results of a joint venture and an associate and head office and corporate income and expenses are excluded from such measurement.

There was no inter-segment sale or transfer during the year (2017: Nil). Central revenue and expenses are not allocated to the operating segments as they are not included in the measure of the segments’ results that is used by the chief operating decision makers for assessment of segment performance.
# 4. SEGMENT INFORMATION (Continued)

QR code business	Packaging products	Treasury investment	Total
2018	2017	2018	2017	2018	2017	2018	2017
HK$’000	HK$’000	HK$’000	HK$’000	HK$’000	HK$’000	HK$’000	HK$’000
Gr’oups revenue	73,405	78,791	276,225	318,656	447	500	350,077	397,947
Fair value losses on financial
assets at fair value through
profit or loss held for trading,
net	–	–	–	–	(1,307)	(80,248)	(1,307)	(80,248)
Segment revenue	73,405	78,791	276,225	318,656	(860)	(79,748)	348,770	317,699
Segment results	(195,734)	(157,723)	8,423	25,947	(890)	(79,874)	(188,201)	(211,650)
Corporate and unallocated
income, gains and losses	5,696	(5,978)
Corporate and unallocated
expenses	(34,957)	(28,656)
Share of result of a joint venture	19	2,990
Share of result of an associate	7,276	–
Finance costs	(41,807)	(5,693)
Loss before tax	(251,974)	(248,987)

QR code business	Packaging products	Treasury investment	Total
2018	2017	2018	2017	2018	2017	2018	2017
HK$’000	HK$’000	HK$’000	HK$’000	HK$’000	HK$’000	HK$’000	HK$’000
Other segment information:
Capital expenditure
– operating segment	44,935	51,379	39	3,662	–	–	44,974	55,041
– unallocated	13	25
44,987	55,066
Interest income
– operating segment	849	160	28	46	–	–	877	206
– unallocated	10,610	2
11,487	208
Depreciation
– operating segment	18,941	7,422	1,719	1,518	–	–	20,660	8,940
– unallocated	9	10
20,669	8,950
Amortisation	7,838	435	–	–	–	–	7,838	435
Loss/(gain) on disposal of
property, plant and equipment	2,385	1,633	–	(190)	–	–	2,385	1,443
Impairment of property,
plant and equipment	40,718	–	–	–	–	–	40,718	–
Impairment loss of
trade receivables, net	2,016	17	–	49	–	–	2,016	66
Impairment loss of goodwill	37,023	104,664	–	–	–	–	37,023	104,664
31.1 Certification by Jeffrey A. Stoops, Chief Executive Officer, pursuant to Section 302 of the Sarbanes­Oxley Act of 2002.\*

31.2 Certification by Brendan T. Cavanagh, Chief Financial Officer, pursuant to Section 302 of the Sarbanes­Oxley Act of 2002.\*

32.1 Certification by Jeffrey A. Stoops, Chief Executive Officer, pursuant to Section 906 of the Sarbanes­Oxley Act of 2002. \*\*

32.2 Certification by Brendan T. Cavanagh, Chief Financial Officer, pursuant to Section 906 of the Sarbanes­Oxley Act of 2002. \*\*

101.INS XBRL Instance Document.\*

101.SCH XBRL Taxonomy Extension Schema Document.\*

101.DEF XBRL Taxonomy Extension Definition Linkbase Document.\*

101.CAL XBRL Taxonomy Extension Calculation Linkbase Document.\*

101.LAB XBRL Taxonomy Extension Label Linkbase Document.\*

101.PRE XBRL Taxonomy Extension Presentation Linkbase Document.\*

† Management contract or compensatory plan or arrangement.

\* Filed herewith.

\*\* Furnished herewith.

# ITEM 16. FORM 10­K SUMMARY

None.
# SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SBA COMMUNICATIONS

CORPORATION

By:/s/ Jeffrey A. Stoops

Jeffrey A. Stoops

Chief Executive Of icer and

President

Date: March 1, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Signature	Title	Date
/s/ Steven E. Bernstein
Steven E. Bernstein	Chairman of the Board of Directors	March 1, 2018
/s/ Jeffrey A. Stoops
Jeffrey A. Stoops	Chief Executive Officer and President
(Principal Executive Officer)	March 1, 2018
/s/ Brendan T. Cavanahg
Brendan T. Cavanahg	Chief Financial Officer and Executive Vice President
(Principal Financial Officer)	March 1, 2018
/s/ Brian D. Lazarus
Brian D. Lazarus	Chief Accounting Officer and Senior Vice President
(Principal Accounting Officer)	March 1, 2018
/s/ Brian C. Carr
Brian C. Carr	Director	March 1, 2018
/s/ Mary S. Chan
Mary S. Chan	Director	March 1, 2018
/s/ Duncan H. Cocroft
Duncan H. Cocroft	Director	March 1, 2018
/s/ George R. Krouse Jr.
George R. Krouse Jr.	Director	March 1, 2018
/s/ Jack Langer
Jack Langer	Director	March 1, 2018
/s/ Kevin L. Beebe
Kevin L. Beebe	Director	March 1, 2018
# Genuine Parts Company and Subsidiaries

Consolidated Statements of Income and Comprehensive Income

Year Ended December 31
2017	2016	2015
(In Thousands, Except per Share Amounts)
Net sales	$ 16,308,801	$ 15,339,713	$ 15,280,044
Cost of goods sold	11,402,403	10,740,106	10,724,192
Gross marign	4,906,398	4,599,607	4,555,852
Operating expenses:
Selling, administrative, and other expenses	3,705,136	3,370,833	3,277,390
Depreciation and amortization	167,691	147,487	141,675
Provision for doubtful accounts	13,932	11,515	12,373
Total operating expenses	3,886,759	3,529,835	3,431,438
Non­operating expenses (income) :
Interest expense	41,486	21,084	21,662
Other	(31,115)	(25,652)	(20,929)
Total non­operating expenses (income)	10,371	(4,568)	733
Income before income taxes	1,009,268	1,074,340	1,123,681
Income taxes	392,511	387,100	418,009
Net income	$ 616,757	$ 687,240	$ 705,672
Basic net income per common share	$ 4.19	$ 4.61	$ 4.65
Diluted net income per common share	$ 4.18	$ 4.59	$ 4.63
Weihgted average common shares outstanding	147,140	149,051	151,667
Dilutive effect of stock options and nonvested restricted stock awards	561	753	829
Weihgted average common shares outstandinilg — assuming dution	147,701	149,804	152,496
Net income	$ 616,757	$ 687,240	$ 705,672
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	137,694	(8,957)	(207,986)
Net investment hedge, net of income taxes of 2017 — $9,711	(17,388)	—	—
Pension and postretirement benefit adjustments, net of income taxes of 2017
— ($20,539); 2016 — $50,144; 2015 — $5,335	40,123	(73,446)	(2,421)
Other comprehensive income (loss), net of tax	160,429	(82,403)	(210,407)
Comprehensive income	$ 777,186	$ 604,837	$ 495,265

See accompanying notes.
# Genuine Parts Company and Subsidiaries

Consolidated Statements of Equity

(In Thousands, Except Share and per Share Amounts)

Common Stock	Additional
Paid­In
Caiptal	Accumulated
Other
Comprehensive
Loss	Retained
Earnings	Total
Parent
Equity	Non-
controlling
Interests in
Subsidiaries	Total
Equity
Shares	Amount
Balance at January 1, 2015	153,113,042	$ 153,113	$ 26,414	$ (720,211)	$ 3,841,932	$ 3,301,248	$ 11,116	$ 3,312,364
Net income	—	—	—	—	705,672	705,672	—	705,672
Other comprehensive loss,
net of tax	—	—	—	(210,407)	—	(210,407)	—	(210,407)
Cash dividends declared,
$2.46 per share	—	—	—	—	(372,840)	(372,840)	—	(372,840)
Share­based awards
exercised, including tax
benefit of $7,024	229,958	230	(2,778)	—	—	(2,548)	—	(2,548)
Share­based compensation	—	—	17,717	—	—	17,717	—	17,717
Purchase of stock	(3,261,526)	(3,262)	—	—	(289,013)	(292,275)	—	(292,275)
Noncontrolling interest
activities	—	—	—	—	—	—	1,559	1,559
Balance at December 31, 2015	150,081,474	150,081	41,353	(930,618)	3,885,751	3,146,567	12,675	3,159,242
Net income	—	—	—	—	687,240	687,240	—	687,240
Other comprehensive loss,
net of tax	—	—	—	(82,403)	—	(82,403)	—	(82,403)
Cash dividends declared,
$2.63 per share	—	—	—	—	(391,852)	(391,852)	—	(391,852)
Share­based awards
exercised, including tax
benefit of $12,021	340,703	341	(4,467)	—	—	(4,126)	—	(4,126)
Share­based compensation	—	—	19,719	—	—	19,719	—	19,719
Purchase of stock	(2,011,755)	(2,012)	—	—	(179,405)	(181,417)	—	(181,417)
Noncontrolling interest
activities	—	—	—	—	—	—	953	953
Balance at December 31, 2016	148,410,422	148,410	56,605	(1,013,021)	4,001,734	3,193,728	13,628	3,207,356
Net income	—	—	—	—	616,757	616,757	—	616,757
Other comprehensive
income, net of tax	—	—	—	160,429	—	160,429	—	160,429
Cash dividends declared,
$2.70 per share	—	—	—	—	(396,891)	(396,891)	—	(396,891)
Share­based awards
exercised, including tax
benefit of $3,134	131,232	132	(5,371)	—	—	(5,239)	—	(5,239)
Share­based compensation	—	—	16,892	—	—	16,892	—	16,892
Purchase of stock	(1,889,039)	(1,889)	—	—	(171,635)	(173,524)	—	(173,524)
Noncontrolling interest
activities	—	—	—	—	—	—	38,376	38,376
Balance at December 31, 2017	146,652,615	$ 146,653	$ 68,126	$ (852,592)	$ 4,049,965	$ 3,412,152	$ 52,004	$ 3,464,156

See accompanying notes.
# 18. FILM RIGHTS AND FILMS AND TV PROGRAMMES UNDER PRODUCTION (continued)

Film and TV
programmes
rights	Films and TV
programmes
under
production	Total
HK$’000	HK$’000	HK$’000
31 December 2015
Cost:
At 1 January 2015	7,958	—	7,958
Additions	—	41,117	41,117
Disposals	(10,276)	—	(10,276)
Transfer to films and TV programmes rights	38,634	(38,634)	—
At 31 December 2015	36,316	2,483	38,799
Accumulated amortisation:
At 1 January 2015	7,366	—	7,366
Disposals	(7,366)	—	(7,366)
At 31 December 2015	—	—	—
Carrying amount	36,316	2,483	38,799

For the purpose of impairment testing, film rights have been allocated to the cash generating unit of movies, TV programmes and internet contents operation.

In light of the circumstances of film industry, the Group regularly reviewed its library of film rights to assess the marketability of film rights and the corresponding recoverable amounts.

At 31 December 2016 and 2015, the directors of the Company believe that any reasonably possible change in the key assumptions on which the recoverable amounts would not cause the carrying amounts of the films and TV programmes rights exceed the aggregate recoverable amounts.

During the year ended 31 December 2016, there is an impairment loss of approximately HK\$6,004,000 recognised in respect of films and TV programmes under production, based on contractual cash flows less cost to sell which solely related to the Group’s TV programmes under production and distribution activities based in Mainland China.
# 19. INVESTMENT IN FILM

During the year ended 31 December 2016, the Group has one (2015: Nil) film investment agreement at a total contract amount of HK\$16,750,000 (2015: Nil). The investment is governed by the relevant agreement entered into between the Group and the production house whereby the Group is entitled to a fixed rate of return at 15% per annum on the principal amount. Investment income of HK\$1,982,000 was recognised by the Group.

# 20. AMOUNTS DUE FROM RELATED COMPANIES

On 21 December 2015, Young Film Culture Media Company Limited (“Young Film”), a subsidiary of the Company, entered into a master services agreement (the “Master Services Agreement”) with青島年青時候影視文化傳媒有限公司 (Qingdao Young Times Video Cultural Media Company Limited) (“Qingdao Young Times”) which is controlled by Ms. Shang Na, a member of the key management personnel of the Group, pursuant to which Qingdao Young Times shall provide to Young Film services including the production and promotion of movies, TV dramas and programmes as requested by the Group for a term of three years from the date of the Master Services Agreement. The services under the Master Services Agreement shall be charged on a cost basis (as incurred by Qingdao Young Times). For more details of the Master Services Agreement, please refer to the announcement of the Company dated 21 December 2015.

As at 31 December 2016, included in amounts due from related companies was an amount of approximately HK\$45,440,000 (2015: HK\$24,000,000) advanced by the Group to Qingdao Young Times for the services under the Master Services Agreement.

# 21. PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES

2016	2015
HK$’000	HK$’000
Deposits	5,718	2,569
Prepayments	20,793	12,268
Other receivables	19,198	11,373
Impairment	(6,374)	—
39,335	26,210

As at 31 December 2016, except for fully impaired other receivables of HK\$6,374,000 (2015: Nil), none of the above assets is either past due or impaired. The financial assets included in the above balances relate to receivables for which there was no recent history of default.
(4) to consider any significant or unusual items that are, or may need to be, reflected in the reports and accounts, it should give due consideration to any matters that have been raised by the Company’s staff responsible for the accounting and financial reporting function, compliance officer or auditors;

(5) to review the Company’s financial controls, and unless expressly addressed by a separate Board risk committee, or by the Board itself, to review the Company’s risk management and internal control systems;and

(6) to discuss the risk management and internal control systems with management to ensure that management has performed its duty to have effective systems.

The written terms of reference of the Audit Committee are available on the websites of the Stock Exchange and the Company.

From the Listing Date and up to 31 December 2017, two Audit Committee meetings were held. Save as Mr. Yang Zhongkai who only attended one meeting, all the members of the Audit Committee attended all two meetings. At the meetings, the Audit Committee reviewed the annual report for 2016 with external auditors, the interim results for 2017, the activities of the Group’s internal control functions and also reviewed and approved the arrangement of the annual audit work and then proposed the recommendations to the Board.

# Remuneration Committee

The Remuneration Committee comprises three members, including two independent non-executive Directors namely Mr. Yang Zhongkai (chairman), Mr. Shi Weixing and one executive Director namely Mr. Peng TB.

The principal duties of the Remuneration Committee include but not limited to the following:

1. to make recommendations to the Board on the Company’s policy and structure for all remuneration of the Directors and senior management and on the establishment of a formal and transparent procedure for developing policy on such remuneration;

2. to review and approve management’s remuneration proposals with reference to corporate goals and objectives of the Board;

3. to determine the remuneration packages of individual executive Directors and senior management. These include benefits in kind, pension rights and compensation payments, including any compensation payable for loss or termination of their office or appointment;

4. to make recommendations to the Board on the remuneration of non-executive Directors;