Cordlife Group Limited
Annual Report 2016
101
Notes to
The Financial Statements
for the financial year ended 30 June 2016
33. Commitments
Capital commitments
The Group and the Company do not have capital commitments in respect of property, plant and equipment that
are contracted for as at 30 June 2016 and 2015.
Operating lease commitments – as lessee
The Group leases office space under non-cancellable lease arrangements which have remaining lease terms
ranging from 4 months to 7 years (2015: 3 months to 14 years). There are no renewal options and contingent
rent provisions included in the contracts. The Group is restricted from subleasing the premises.
Future minimum rentals payable under non-cancellable operating leases as at 30 June are as follows:
Group
Company
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Within one year
1,085
897
210
–
After one year but not more than five years
2,252
2,654
207
–
More than five years
144
1,032
–
–
3,481
4,583
417
–
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 up to 3 years (2015: up to 2 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
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Within one year
150
129
144
129
After one year but not more than five years
212
25
209
25
More than five
years
–
–
–
–
362
154
353
154
34. Investment in subsidiaries
Company
2016
2015
$’000
$’000
Unquoted equity shares, at cost
54,656
21,304
Less: Impairment loss
(270)
(270)
54,386
21,034
