NOTES TO FINANCIAL STATEMENTS
30 June 2015
Annual Report 2015
Karin Technology Holdings Limited
99
24. FINANCE LEASE PAYABLES
The Group leases certain of its office equipment of which the leases are classified as finance leases and have
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At 30 June 2015, the total future minimum lease payments under finance leases and their present values were
as follows:
GROUP
Minimum
lease payments
Present value
of minimum
lease payments
2015
2015
HK$’000
HK$’000
HK$’000
HK$’000
Amounts payable:
Within one year
181
102
155
In the second year
181
102
162
In the third to fifth years, inclusive
319
263
306
______
_____
_____
_____
Total minimum finance lease payments
681
623
Future finance charges
(58)
(51)
Total net finance lease payables
623
Portion classified as current liabilities
(note 23)
(155)
_____
Non-current portion
(note 23)
468
333
______
At 30 June 2015, the finance lease obligations were secured by the underlying office equipment acquired (note 11).
