NOTES TO
FINANCIAL STATEMENTS
85
GDS Global Limited Annual Report 2015
As at 30 September 2015
29 OPERATING LEASE ARRANGEMENTS (cont’d)
At the end of the reporting period, the Group has outstanding commitments under non-cancellable
operating leases, which fall due as follows:
Group
2015
2014
$
$
Within one year
1,306,773
1,296,386
In the second to fifth years inclusive
4,929,426
3,079,465
After five years
11,595,198
–
17,831,397
4,375,851
Operating lease payments represent rentals payable by the Group for its office and manufacturing
premises and certain equipment. The leases are negotiated for terms between 1 to 10 years
(2014: 1 to 7 years) and rentals have varying terms and escalation clauses to reflect current market
rental and value.
The Group as lessor
The Group has future lease income receivables in respect of the sub-leasing of its office
and manufacturing premises. The rental income earned during the financial year is $19,800
(2014: $318,192).
At the end of the reporting period, the Group’s future lease income receivables are as follows:
Group
2015
2014
$
$
Within one year
19,800
19,800
In the second to fifth years inclusive
3,300
23,100
23,100
42,900
30 SEGMENT INFORMATION
The Group operates and manages its business primarily as a single operating segment in the
manufacture and supply of door and shutter systems and provision of service and maintenance
works. The Group’s chief operating decision maker reviews the consolidated results prepared
based on the Group’s accounting policies when making decisions, including the allocation of
resources and assessment of performance of the Group.
