ANNUAL REPORT 2014
93
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
For the financial year ended 31 December 2014
24. COMMITMENTS
(CONTINUED)
(b)
Operating lease commitments
As a lessee
The Group leases certain offices, warehouses, and other premises under non-cancellable lease arrangements.
Certain premises are further sub-leased to third parties under non-cancellable sub-lease agreements.
The Group
2014
$’000
2013
$’000
Lease rental expense
958
1,113
Sub-lease rental income recognised in consolidated
income statement
(1,219)
(1,043)
Future minimum rentals payable under non-cancellable operating leases contracted for as of 31 December
but not recognised as liabilities are as follows:
The Group
2014
$’000
2013
$’000
Within one year
568
560
Between one year and five years
1,521
1,842
After five years
1,476
1,712
3,565
4,114
As a lessor
The Group owns certain investment properties, which are tenanted under non-cancellable lease arrangements.
Future minimum rentals receivable under non-cancellable operating leases contracted for as of 31 December
but not recognised as receivables are as follows:
The Group
2014
$’000
2013
$’000
Within one year
13,716
14,399
Between one year and five years
10,086
14,108
23,802
28,507
