215
CapitaLand Limited
Annual Report 2015
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Financials &
Additional
Information
Notes to the Financial Statements
35 Commitments
As at the balance sheet date, the Group and the Company had the following commitments:
(a) Operating lease
The Group leases a number of offices, motor vehicles, office equipments, industrial land and serviced residences
under operating leases. The leases have tenure ranging from one to 30 years, with an option to renew the lease
after that date. Lease payments are usually revised at each renewal date to reflect the market rate. Future minimum
lease payments for the Group and the Company on non-cancellable operating leases are as follows:
The Group
The Company
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Lease payments payable:
Not later than 1 year
49,952
45,656
13,223
8,366
Between 1 and 5 years
102,386
76,975
66,863
45,751
After 5 years
239,642
38,947
27,862
28,848
391,980
161,578
107,948
82,965
(b) Commitments
The Group
The Company
2015
$’000
2014
$’000
2015
$’000
2014
$’000
Commitments in respect of:
- capital expenditure contracted but not
provided for in the financial statements
71,495
69,581
22,827
15,360
- development expenditure contracted but not
provided for in the financial statements
1,394,591
1,864,722
–
–
- capital contribution in associates and
joint ventures
683,114
460,433
–
–
- purchase of land/properties contracted
but not provided for in the financial
statements
399,688
693,840
–
–
- shareholders’ loan committed to a joint
venture and associates
269,355
99,112
–
–
2,818,243
3,187,688
22,827
15,360
