Singapore Press Holdings annual report 2011 Singapore Press ...

Notes to the
Financial StatementS
August 31, 2011
146 Singapore Press Holdings annual report 2011
22. CAPITAL AND OTHER COMMITMENTS
(a)
Commitments for capital expenditure and investments
Group
Company
2011 2010 2011 2010
S$’000 S$’000 S$’000 S$’000
Authorised and contracted for
- Property, plant and equipment 5,363 17,592 4,938 16,899
- Investment properties 2,119 38,229 - -
- Equity funding for associates 16,513 21,963 - -
- Long-term/Short-term investments 37,161 69,437 - -
61,156 147,221 4,938 16,899
(b)
Operating lease commitments – where the Group and/or Company is a lessee
The future minimum lease payables under non-cancellable operating leases contracted for at the
balance sheet date but not recognised as liabilities, are as follows:
Group
Company
2011 2010 2011 2010
S$’000 S$’000 S$’000 S$’000
Within 1 year 7,080 6,676 406 291
Between 1 - 5 years 17,595 16,985 390 48
After 5 years 145,882 149,775 - -
170,557 173,436 796 339
The Group and Company lease various residential/commercial space and plant and machinery under
non-cancellable operating lease agreements with varying terms and renewal rights.
(c)
Operating lease commitments – where the Group is a lessor
The future minimum lease receivables under non-cancellable operating leases contracted for at the
balance sheet date but not recognised as receivables, are as follows:
Group
2011 2010
S$’000 S$’000
Within 1 year 172,752 138,808
Between 1 - 5 years 214,857 233,316
After 5 years 368 744
387,977 372,868
The Group leases to third parties various residential/commercial space under non-cancellable
operating lease agreements with varying terms, escalation clauses and renewal rights.