85
AVI-TECH ELECTRONICS LIMITED
| ANNUAL REPORT 2015
NOTES TO
FINANCIAL STATEMENTS
30 June 2015
32 OPERATING LEASE ARRANGEMENTS (CONT’D)
(a)
The Group and Company as lessee (Cont’d)
At the end of the reporting period, the commitments in respect of operating leases fall due as follows:
Group and Company
2015
2014
$’000
$’000
Within one year
206
210
In the second to fifth year inclusive
822
786
After five years
7,434
7,241
Total
8,462
8,237
Operating lease payments represents rental payable by the Group and Company for its offices and
warehouse premise, office equipment and staff accommodations.
Land rentals for the building of $203,000 (2014: $193,000) per annum are subject to annual revision.
(b)
The Group and Company as lessor
Group and Company
2015
2014
$’000
$’000
Rental income under operating leases
751
741
At the end of the reporting period, the Group and Company has contracted with customers for the
following future minimum lease payments:
Group and Company
2015
2014
$’000
$’000
Within one year
540
744
In the second to fifth year inclusive
75
610
Total
615
1,354
Operating lease income represents rental income from rental of part of the Company’s premise.
33 CAPITAL COMMITMENT
Group and Company
2015
2014
$’000
$’000
Amount committed for future capital expenditure
76
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