In the year ended December 31, 2018, US$3,096 was generated in the restaurant in revenue related to the initial franchise fees. As of December 31, 2018 and January 1, 2018, restaurant establishments had set aside the revenues recorded in franchise fees of $9,075 and $10,581, respectively. The restoration company expects recognition of approximately $649 in 2019 and 2020 to 2039. The company and its subsidiaries have invested in The Lion Fund, L.P. and The Lion Fund II, L.P. (together “investment partnerships”). Investment partnerships act as private investment funds. As of December 31, 2018, the fair value of investments was $715.1 million. These investments are subject to a five-year ban, in accordance with the respective partnership agreements.
Marketing spending increased by $5,474 in 2018 compared to 2017, mainly due to the adoption of new accounting guidelines. The new AsC 606 accounting guidelines require the company to record franchise fees as revenue and reflect advertising expenses on behalf of franchisees as marketing costs. The new guideline increased marketing spending by $9,689 in 2018. On March 5, 2018, the company entered into an agreement with its predecessor, now known as OBH Inc. (the “predecessor”), and with BH Merger Company, a wholly owned subsidiary of the company. In accordance with the agreement of 30 April 2018, BH Merger Company merged with and with its predecessor, its predecessor being maintained as a surviving company and wholly owned subsidiary of the company. We lease certain physical facilities under undated leases. These leases require payment of property taxes, insurance and maintenance costs. Some rental establishments, which are no longer operated but leased to third parties or franchisees, are classified as non-operational properties. Minimum on-arrival rents for non-operational real estate have not been reduced by USD 6,850 under minimum rents related to operating leases that will be made as part of an unsustainable sublease.
Operating and equipment costs related to financing and leasing commitments as of December 31, 2018 are: $56,311 for buildings, $45,017 Country, $21,351 for land improvement and leasing, $1,952 for equipment and $64,036 in depreciation.