Yinson Annual Report 2018

39. COMMITMENTS Group 2018 2017 RM’000 RM’000 (a) Capital commitments Approved and contracted for: Property, plant and equipment 197,950 206,512 Investment 201,065 – Approved but not contracted for: Property, plant and equipment 1,522,658 587,492 Investment 1,005,089 – 2,926,762 794,004 (b) Operating lease commitments – Group as lessee The Group has entered into leases for the use of premises and equipment. These leases have remaining tenures ranging between 2 years to 7 years with options to extend for the lease periods mutually agreed between the lessees and lessors. The Group is restricted from leasing the leased premises to third parties. Future minimum rentals payable under non-cancellable operating leases at the reporting date are as follows: Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Within 1 year 7,056 8,725 1,415 872 More than 1 year and less than 5 years 25,512 25,149 1,385 322 More than 5 years 87 5,398 – – 32,655 39,272 2,800 1,194 (c) Operating lease commitments – Group as lessor The Group has entered into leases for its vessels. These non-cancellable lease have remaining lease term of between 9 months to fifteen years and subject to revision on the rental charge where contractually applicable. Future minimum rentals receivable under non-cancellable operating leases at the reporting date are as follows: Group 2018 2017 RM’000 RM’000 Within 1 year 809,568 1,015,052 More than 1 year and less than 5 years 2,568,076 3,066,256 More than 5 years 4,194,612 5,559,725 7,572,256 9,641,033 Chartering fees from leasing of vessels recognised in profit or loss during the financial year are disclosed in Note 6. Corporate Overview Stewardship Governance Accountability 173 Yinson Holdings Berhad Annual Report 2018