118
GROUP
CO-OPERATIVE
27. COMMITMENTS (cont’d)
2013
2012
2013
2012
$’000
$’000
$’000
$’000
Within 1 year
27,337 25,249
26,591 24,550
After 1 year but within 5 years
26,113 22,972
22,840 19,680
After 5 years
34
385
-
-
53,484 48,606
49,431 44,230
(d) The Group has committed to donate $10 million to Labour Movement.
(e) The Group has committed to invest $4,500,000 in SMRT Alpha Pte Ltd, an associate of the Group. The amount of
$450,000 has been injected as equity investment during the year and an amount of $1,800,000 was loaned to
the associate (Note 15). The balance of $2,250,000 is to be disbursed subsequent to the financial year.
(f) The Group has committed to invest US$3,240,000 to Saigon Co-op FairPrice Limited Liability Company,
an associate of the Group, incorporated in April 2013.
NOTES TO FINANCIAL STATEMENTS
March 31, 2013
(c) The Group rents out its leasehold properties in Singapore under operating leases. Property rental income earned
during the year was $34,221,000 (2012 : $41,491,000). As at the end of reporting period, the Group and
Co-operative have contracted with certain tenants under non-cancellable operating lease receivables as follows:
