Page 114 - Forterra

112 FORTERRA
ANNUAL REPORT 2012
NOTES TO THE
FINANCIAL STATEMENTS
32 COMMITMENTS
Capital commitment
The Group entered into contracts to develop or refurbish certain investment properties. At
31 December 2012, the commitment under those contracts amounted to S$34.0 million (2011: S$44.8
million).
Operating leases
The Group leases out its investment properties. Non-cancellable operating lease rentals are
receivable as follows:
2012 2011
$’000 $’000
Receivable:
– within 1 year 64,618 91,108
– after 1 year but within 5 years 61,654 142,297
– after 5 years 62,081 49,267
188,353 282,672
The Group leases out its investment properties to tenants under lease agreements for periods
ranging from 6 months to 10 years with options granted to certain tenants to renew their leases.