Common use of OPERATING LEASE COMMITMENTS Clause in Contracts

OPERATING LEASE COMMITMENTS. At the end of the reporting period, the Group had commitments for future minimum lease payments under non-cancellable operating leases which fall due as follow: 2011 US$’000 2010US$’000 Within one year 1,275 1,247 In the second to fifth years inclusive 2,555 1,971 More than five years 1,674 1,552 5,504 4,770 Operating lease payments represent rentals payable by the Group for certain of its office properties, staff quarters and factory. Leases are negotiated for terms ranging from one to nine years and rentals are fixed for the period of the lease.

Appears in 1 contract

Sources: Corporate Governance

OPERATING LEASE COMMITMENTS. At the end of the reporting period, the Group had commitments for future minimum lease payments under non-cancellable operating leases which fall due as follow: 2011 2014 US$’000 2010US$’000 2013US$’000 Within one year 1,275 1,247 897 980 In the second to fifth years year inclusive 2,555 1,971 2,010 2,357 More than five years 1,674 1,552 5,504 4,770 91 599 2,998 3,936 Operating lease payments represent rentals payable by the Group for certain of its office properties, staff quarters and factory. Leases are negotiated for terms ranging from one to nine ten years at initial and rentals are fixed for the period of the lease.. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Appears in 1 contract

Sources: Corporate Information