NOTES TO FINANCIAL STATEMENTS
30 June 2016
Karin Technology Holdings Limited
Annual Report 2016
112
32. OPERATING LEASE ARRANGEMENTS
(continued)
(b)
AS LESSEE
The Group leases certain of its warehouses, offices, retail shops and office equipment under operating
lease arrangements with leases negotiated for terms ranging from one to five years (2015: one to five
years). The lease of a certain retail shop required contingent rentals calculated based on the monthly
revenue of the relevant retail shop.
At 30 June 2016, the Group had total future minimum lease payments under non-cancellable operating
leases falling due as follows:
Group
2016
2015
HK$’000
HK$’000
Within one year
3,797
5,705
In the second to fifth years, inclusive
550
1,986
4,347
7,691
Payment obligations in respect of the contingent rent payables are not included in the above future
minimum lease payment calculation.
33. CAPITAL COMMITMENTS
At 30 June 2016, the Group had capital commitments in respect of renovation of buildings of HK$1,113,000
(2015: HK$1,113,000).
