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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
26. COMMITMENTS
(a) Operating lease commitments
(i) The Group and the Company as lessee
The Group and the Company had entered into lease agreements for premises.
Group
2015
2014
RM
RM
Not later than one (1) year
1,024,589 2,376,693
Later than one (1) year and not later than five (5) years
654,826 4,506,864
1,679,415 6,883,557
Company
2015
2014
RM
RM
Not later than one (1) year
-
37,805
Later than one (1) year and not later than five (5) years
-
37,805
-
75,610
(ii) The Group as lessor
The Group has entered into lease arrangements on EDC equipment.
The Group has aggregate future minimum lease receivables as at the end of each reporting
period as follows:
Group
2015
2014
RM
RM
Not later than one (1) year
18,887,220 18,199,899
Later than one (1) year and not later than five (5) years
16,564,898 4,005,705
Later than five (5) years
-
24,026,239
35,452,118 46,231,843