Eng - IOI Group

Notes To The Financial Statements cont’d46. COMMITMENTS cont’d46.2 Operating Lease Commitments cont’d46.2.1 The Group as lessee cont’dThe future aggregate minimum lease payments under non-cancellable operating leases contracted for as at the balancesheet date but not recognised as liabilities are as follows:Group2007 2006RM’000 RM’000Not later than 1 year 9,686 4,117Later than 1 year and not later than 5 years 17,052 14,290Later than 5 years 124,212 114,614150,950 133,02146.2.2 The Group as lessorThe Group has entered into non-cancellable operating lease agreements on its investment properties. These leases haveremaining non-cancellable lease terms of between 2 - 3 years. The Group also entered into long term property leases onits future property investment land.The future minimum lease payments receivable under non-cancellable operating leases contracted for as at the balancesheet date but not recognised as receivables are as follows:Group2007 2006RM’000 RM’000Not later than 1 year 54,179 48,862Later than 1 year and not later than 5 years 42,766 58,064Later than 5 years 13,486 15,965110,431 122,891237ANNUAL REPORT 2007IOI Corporation Berhad