107
26.Commitments (cont’d)
December 31,
2014
December 31,
2013
December 31,
2014
December 31,
2013
$’000
$’000
$’000
$’000
Within 1 year
31,429
29,080
31,322
28,376
After 1 year but within 5 years
32,932
28,318
32,527
26,921
After 5 years
-
8
-
8
64,361
57,406
63,849
55,305
December 31, 2014
(12 months)
December 31, 2013
(9 months)
$’000
$’000
Patronage rebates
65,275
39,696
Directors’ honoraria
496
395
First and final dividend of 7.5% (December 31, 2013 : 5%)
19,511
9,301
85,282
49,392
(c) The Group rents out its leasehold properties in Singapore under operating leases. Property rental income earned
during the year was $40,200,200 (December 31, 2013 : $27,169,000). 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:
(d) The Group has committed to donate $10 million to Labour Movement.
27.Patronage Rebates, Directors’ Honoraria and Dividends
Subsequent to the end of the reporting period, the directors proposed the following patronage rebates, directors’ honoraria
and dividends. The patronage rebates, directors’ honararia and dividends have not been provided for, subject to approval
in the Annual General Meeting.
The proposed patronage rebates represent 5% (December 31, 2013 : 4.5%) of the eligible purchases.
Notes to Financial Statements
December 31, 2014
GROUP
CO-OPERATIVE
GROUP and CO-OPERATIVE
28.Comparative Information
The current consolidated financial statements of the Group for the financial year ended December 31, 2014 covers 12
months period from January 1, 2014 to December 31, 2014. The comparative figures for the financial period ended
December 31, 2013, covers the 9 months period from April 1, 2013 to December 31, 2013.
