111
CORDLIFE GROUP LIMITED
| ANNUAL REPORT 2015
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2015
31.
COMMITMENTS
(CONTINUED)
Operating lease commitments – as lessor
The Group has entered into commercial property leases on its investment properties. These non-cancellable
leases have remaining lease terms of between 0.5 and 2 years (2014: 0.5 and 3 years). There are no renewal
options and contingent rent provisions included in the contracts. The lessees are restricted from subleasing
the premises.
Future minimum rentals receivables under non-cancellable operating leases as at 30 June are as follows:
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Within one year
129
145
129
145
After one year but not more
than five years
25
130
25
130
More than five years
–
28
–
28
154
303
154
303
32.
INVESTMENT IN SUBSIDIARIES
Company
2015
2014
$’000
$’000
Unquoted equity shares, at cost
21,304
21,304
Less: Impairment loss
(270)
(270)
21,034
21,034
Name of company
Country of
incorporation
Principal activities
Percentage of
equity held
2015
2014
% %
Held by the Company:
Cordlife (Hong Kong)
Limited
1
Hong Kong
Cord blood and cord lining
banking services
100
100
Cordlife Technologies
Pte. Ltd.
2
Singapore
Cord lining banking services
100
100
Shanghai Cordlife
Biomedical Research
Co., Ltd
3
People’s Republic
of China
Dormant
100
100
CS Cell Technologies
Pte. Ltd.
2
Singapore
Investment holding
100
100
