Bursa Malaysia • Annual Report 2013
155
Financial Reports
31. Operating lease arrangements (cont’d.)
(c) The Group and Company as lessor of building
The Company has entered into operating lease agreements for the rental of office space in the building. The lease is for a period of three years with
a renewal option of another three years included in the agreements. The leases have a fixed rental rate for the existing lease period with an upward
revision to the rental rate for the renewed lease period.
The future aggregate minimum lease payments receivable under operating leases contracted for as at the financial year end but not recognised as
receivables are as follows:
Group and Company
2013
2012
RM’000
RM’000
Not later than one year
6,382
6,028
Later than one year and not later than two years
6,263
6,283
Later than two years and not later than five years
2,982
9,207
15,627
21,518
The lease rental for the current financial year is disclosed in Note 4.
(d) The Company as lessor of building
The Company has entered into an operating lease arrangement with its subsidiaries for the use of office space. The lease is for a period of three years
and shall be automatically renewed for further periods of three years for each renewal unless terminated.
The future aggregate minimum lease payments receivable under the operating leases contracted for as at the financial year end but not recognised as
receivables are as follows:
Company
2013
2012
RM’000
RM’000
Not later than one year
4,607
5,253
Later than one year and not later than two years
4,607
4,775
Later than two years but not later than five years
11,615
14,324
20,829
24,352
The lease rental for the current financial year is disclosed in Notes 3 and 33(a).
Notes to the Financial Statements
31 December 2013
