For the financial year ended 31 December 2015
94
HAW PAR CORPORATION LIMITED
24. CONTINGENT LIABILITIES
Contingent liabilities relating to guarantees are:
The Company
2015
2014
$’000
$’000
In respect of guarantees given to banks in connection
with facilities granted to subsidiaries
–
68
25. COMMITMENTS
(a) Capital commitments
The Group
The Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Capital commitments authorised
and contracted but not provided for in the
consolidated financial statements
790
340
–
–
The capital commitments above relate to construction of/purchases of property, plant and equipment and
improvements to investment properties.
(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
2015
2014
$’000
$’000
Lease rental expense
872
958
Sub-lease rental income recognised in consolidated income statement
(1,314)
(1,219)
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
2015
2014
$’000
$’000
Within one year
560
568
Between one year and five years
1,325
1,521
After five years
1,225
1,476
3,110
3,565
NOT E S TO T H E F I NAN C I A L S TAT EME N T S
(CONTINUED)
