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Notes to Fina - 星島新聞集團

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ncial Statements<br />

<br />

<br />

40. OPERATING LEASE ARRANGEMENTS<br />

40. <br />

(a)<br />

As lessor<br />

(a)<br />

<br />

The Group leases certain investment properties<br />

<br />

(note 15 <strong>to</strong> the financial statements) under<br />

15 <br />

operating lease arrangements, with leases<br />

<br />

negotiated for terms ranging from one <strong>to</strong> five<br />

<br />

years. The terms of the leases generally also<br />

<br />

require the tenants <strong>to</strong> pay security deposits and<br />

provide for periodic rent adjustments according<br />

<strong>to</strong> the then prevailing market conditions.<br />

At the balance sheet date, the Group had <strong>to</strong>tal<br />

<br />

future minimum lease rental receivables under<br />

<br />

non-cancellable operating leases with its tenants<br />

<br />

falling due as follows:<br />

Group<br />

<br />

2002 2001<br />

<br />

HK$’000<br />

HK$’000<br />

<br />

<br />

Within one year 5,277 4,052<br />

In the second <strong>to</strong> fifth years, inclusive 4,925 4,740<br />

10,202 8,792<br />

Global China Group Holdings Limited Annual Report 2002<br />

157

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