117
GROUP
CO-OPERATIVE
GROUP
CO-OPERATIVE
27. COMMITMENTS
2013
2012
2013
2012
$’000
$’000
$’000
$’000
(a) Capital commitments:
Purchase of property, plant and equipment approved
by the directors
- contracted
222,988 71,488
187,900 23,000
- not contracted
166,200 356,500
159,100 351,000
389,188 427,988
347,000 374,000
(b) Commitments under non-cancellable operating lease payables are as follows:
NOTES TO FINANCIAL STATEMENTS
March 31, 2013
As at the end of the financial year, the Group and the Co-operative have the following outstanding commitments
which have not been provided in the financial statements:
2013
2012
2013
2012
$’000
$’000
$’000
$’000
Within 1 year
102,376 81,593
90,419 71,643
After 1 year but within 5 years
146,718 109,408
134,929 101,143
After 5 years
54,835 24,138
28,768
-
303,929 215,139
254,116 172,786
Operating lease payments represent rental payable by the Group and Co-operative for certain office and outlets
premises. Leases are negotiated for an average term of 3 years and fixed for an average of 3 years.
