ANNUAL%20REPORT%202015%20eng

Notes to Consolidated Financial Statements
31 COMMITMENTS AND CONTINGENCIES
(a)
Capital commitments
Capital commitments outstanding at respective balance sheet dates not provided for in the financial
statements were as follows:
2015 2014
USD’000 USD’000
Contracted for 525 560
Authorised but not contracted for — —
525 560
(b)
Operating lease commitments
(i)
At 31 December 2015, the total future minimum lease payments under non-cancellable operating
leases are payable as follows:
2015 2014
USD’000 USD’000
Within 1 year 1,570 1,604
After 1 year but within 5 years 123 121
1,693 1,725
(ii)
The Group leases certain buildings through operating leases. These operating leases do not
contain provisions for contingent lease rentals. None of the agreements contain escalation
provisions that may require higher future rental payments.
(c)
Environmental contingencies
Historically, the Group has not incurred any significant expenditure for environmental remediation.
Further, except for the accrued reclamation obligations as disclosed in Note 28 and amounts incurred
pursuant to the environment compliance protection and precautionary measures in Mongolia, the
Group has not incurred any other significant expenditure for environmental remediation, is currently
not involved in any other environmental remediation, and has not accrued any other amounts for
environmental remediation relating to its operations. Under existing legislation, the directors believe
that there are no probable liabilities that will have a material adverse effect on the financial position
or operating results of the Group. Environmental liabilities are subject to considerable uncertainties
which affect the Group’s ability to estimate the ultimate cost of remediation efforts. The outcome of
environmental liabilities under future environmental legislations cannot be estimated reasonably at
present and which could be material.
Annual Report 2015
191