Contents - Tung Lok Restaurants 2000 Ltd

29 CAPITAL EXPENDITURE COMMITMENTSGroupCompany2002 2001 2002 2001$ $ $ $Estimated amounts committedfor future capital expenditurebut not provided for in thefinancial statements - 186,333 - -30 OPERATING LEASE COMMITMENTSGroupCompany2002 2001 2002 2001$ $ $ $Minimum lease payments paidunder operating leases 8,480,143 6,972,201 - -At the balance sheet date, commitments in respect of operating leases for restaurant premises with a term of morethan one year were as follows:GroupCompany2002 2001 2002 2001$ $ $ $Within 1 year 8,782,095 6,527,478 - -Within 2 to 5 years 11,184,896 9,223,448 - -After 5 years - - - -31 SUBSEQUENT EVENTOn January 28, 2003, one of its subsidiaries, Club Asiana Pte Ltd ceased operations. The management is exploringvarious options including the sale and liquidation of the subsidiary.Expenses relating to the cessation of operation amounting to approximately $448,000 has been taken up in thegroup's profit and loss statement for 2002. 61