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FINANCIAL REPORTS
170
Bursa Malaysia •
Annual Report 2015
NOTES TO THE
FINANCIAL STATEMENTS
31 DECEMBER 2015
32. 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 period is three years with
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
2015
2014
RM’000
RM’000
Not later than one year
5,333
5,509
Later than one year and not later than two years
5,235
2,597
Later than two years and not later than five years
7,669
14
18,237
8,120
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
2015
2014
RM’000
RM’000
Not later than one year
4,607
4,607
Later than one year and not later than two years
3,504
4,607
Later than two years but not later than five years
10,513
10,513
18,624
19,727
The lease rental for the current financial year is disclosed in Notes 3 and 34(a).