Pg 147 - Berjaya Corporation Berhad

Berjaya Land Berhad (201765-A)
Annual Report 2005
85
35 COMMITMENTS (CONT’D)
(b) Non-Cancellable Operating Lease Commitments - Group and Company as Lessees
Group
Company
2005 2004 2005 2004
RM’000 RM’000 RM’000 RM’000
Future minimum rental payable:
Not later than 1 year 101 69 1,352 828
Later than 1 year and not later than 5 years 70 78 - -
171 147 1,352 828
The Group and the Company entered into operating leases which represent rental payable for the use of buildings. Leases are
negotiated for a period of between 1 and 3 years and rentals fixed for between 1 and 3 years.
(c)
Non-Cancellable Operating Lease Commitments - Group as Lessor
Group
2005 2004
RM’000 RM’000
Future minimum rental receivable:
Not later than 1 year 34,022 28,675
Later than 1 year and not later than 5 years 27,549 13,742
61,571 42,417
The Group entered into commercial property leases on its investment properties portfolio consisting of commercial and office
space. These leases have remaining non-cancellable lease terms of between 1 and 3 years.
36 SIGNIFICANT RELATED PARTY TRANSACTIONS
Group
Company
2005 2004 2005 2004
RM’000 RM’000 RM’000 RM’000
Repayment/(Advances) given to:
- subsidiary companies - - (30,618) (2,708)
- ultimate holding company a 17,303 (25,709) 20,082 (20,659)
- related companies b (10,510) (52,653) 3,224 (21,979)
Repayment from/(to):
- subsidiary companies - - 348,743 56,513
- associated company c (272,577) (200,345) (272,524) (200,345)
Progress payments in connection with the acquisition
of properties made to Berjaya Times Square Sdn Bhd d - 21,661 - -
Share administration fees income receivable from:
- Berjaya Capital Berhad b (658) (576) (329) (240)
- Berjaya Group Berhad (“BGB”) a (492) (785) (278) (470)