Annual Report 2012 - e-KONG Group Limited

e-KONG GROUP LIMITEDNotes to the Consolidated Financial Statements (continued)For the year ended 31 December 201225. OBLIGATIONS UNDER FINANCE LEASESThe obligations under finance leases are repayable as follows:Minimumlease paymentsConsolidatedPresent value of minimumlease payments2012 2011 2012 2011HK$’000 HK$’000 HK$’000 HK$’000Finance leases due:Within one year 64 849 62 826After one year but within two years – 64 – 6264 913 62 888Future finance charges (2) (25) – –Present value of lease obligations 62 888 62 888Consolidated2012 2011HK$’000 HK$’000Reported as:Current liabilities 62 826Non-current liabilities – 6262 888The finance lease payments relate to certain property, plant and equipment of the Group. The carrying values ofthe finance leases approximate their fair values.74Annual Report 2012