Nextmedia ar cover 21june op.co

120
Next Media Limited annual report 06 07
35. COMMITMENTS
(a) Capital commitments in respect of acquisition of property, plant and equipment
Notes to the Consolidated Financial Statements (continued)
THE GROUP THE COMPANY
2007 2006 2007 2006
HK$’000 HK$’000 HK$’000 HK$’000
Authorised but not contracted for 15 140 – –
Contracted but not provided for 8,869 91,791 – –
(b) Commitments under operating leases
8,884 91,931 – –
The Group as lessee
At 31 March 2007, the Group had commitments for future minimum lease payments under non-cancellable operating leases which fall due as follows:
2007 2006
Plant and Plant and
Properties equipment Total Properties equipment Total
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
Within one year 4,377 7,204 11,581 4,494 9,631 14,125
In the second to fi fth years inclusive 894 5,917 6,811 2,039 7,354 9,393
5,271 13,121 18,392 6,533 16,985 23,518
Operating lease payments represent rentals payable by the Group for certain of its offi ce properties. Leases are negotiated for an average term of 2 years and rentals
are fi xed during the lease period.
Operating lease payments represented rental payable by the Group for certain of its plant and equipment leases are negotiated for an average term of 3 years.