116
STAMFORD LAND CORPORATION LTD
Notes to Financial Statements
30
OPERATING LEASES
The Group leases out its investment property under operating leases. The leases have an option to
renew after expiration. Lease payments are reviewed every year to reflect market rentals and changes
in the local price index. None of the leases contain contingent rent arrangements. The future minimum
lease payments receivable under non-cancellable operating leases are as follows:
THE GROUP
2016
2015
$’000
$’000
Within one year
15,688
11,908
Between one and five years
76,589
53,784
More than five years
54,805
603
147,082
66,295
31
CAPITAL EXPENDITURE COMMITMENTS
THE GROUP
2016
2015
$’000
$’000
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FRVJQNFOU CVU OPU QSPWJEFE GPS JO UIF CBMBODF TIFFU
7,889
3,041
