NOTES TO FINANCIAL STATEMENTS
30 June 2015
Karin Technology Holdings Limited
Annual Report 2015
108
30. OPERATING LEASE ARRANGEMENTS
(a)
AS LESSOR
The Group leases its investment properties (note 12) and fixed assets to third parties under operating lease
arrangements, with leases negotiated for a term of two to three years. The terms of the leases generally
also require the tenants to pay security deposits and provide for periodic rent adjustments according to
the then prevailing market conditions.
At 30 June 2015, the Group had total future minimum lease receivables under non-cancellable operating
leases with its tenants falling due as follows:
Group
2015
HK$’000
HK$’000
Within one year
3,808
352
In the second to fifth years, inclusive
334
-
_______
_______
4,142
352
_______
_______
(b)
AS LESSEE
The Group leases certain of its warehouses, offices, retail shops and office equipment under operating
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years). The lease of a certain retail shop requires contingent rentals calculated based on the monthly
revenue of the relevant retail shop.
At 30 June 2015, the Group had total future minimum lease payments under non-cancellable operating
leases falling due as follows:
Group
2015
HK$’000
HK$’000
Within one year
5,705
In the second to fifth years, inclusive
1,986
3,321
_______
_______
7,691
12,191
_______
_______
Payment obligations in respect of the contingent rent payables are not included in the above future
minimum lease payment calculation.
