Notes to the Financial Statements - SingTel

Notes to the Financial StatementsFor the financial year ended 31 March 201138. OPERATING LEASE COMMITMENTSThe future aggregate minimum lease payments under non-cancellable operating leases contracted for at the end of the reportingperiod but not recognised as liabilities, were as follows -GroupCompany2011 2010 2011 2010S$ Mil S$ Mil S$ Mil S$ MilNot later than one year 436.1 453.8 95.5 158.6Later than one but not later than five years 1,209.7 1,394.6 313.7 215.6Later than five years 1,775.8 1,385.5 794.6 515.83,421.6 3,233.9 1,203.8 890.0Sale and operating leaseback contracts were entered into for certain property, plant and equipment for a period of 20 yearscommencing from 2 March 2005 and 18 January 2010. The above commitments included the minimum amounts payable ofS$39.4 million (2010: S$37.8 million) per annum under those contracts. The operating lease payments under these contractsare subject to review every year with a general increase not exceeding the higher of 2% or Consumer Price Index percentageof the preceding year.39. COMMITMENTS39.1 The commitments for capital and operating expenditures, and investments which had not been recognised in the financialstatements, excluding the commitments shown under Note 39.2, were as follows -GroupCompany2011 2010 2011 2010S$ Mil S$ Mil S$ Mil S$ MilAuthorised and contracted for 1,025.1 928.7 67.0 105.3The above included equity funding commitments for an associated company of US$51 million (S$64 million) (2010: US$66million) and commitments to purchase capacity in the cable network of a joint venture company of A$9.2 million (S$12 million)(2010: A$57 million).39.2 As at 31 March 2011, the Group’s commitments for the purchase of broadcasting program rights were S$397.0 million (2010:S$602.6 million). The commitments included only the minimum guaranteed amounts payable under the respective contractsand do not include amounts that may be payable based on revenue share arrangement which cannot be reliably determined asat the end of the reporting period.180 SINGAPORE TELECOMMUNICATIONS LIMITED AND SUBSIDIARY COMPANIES