GOING
THE DISTANCE
EUROSPORTS
GLOBAL
.102
NOT E S TO T HE
F I NANC I A L S TAT EMEN T S
YEAR ENDED
31 MARCH, 2016
26.
OPERATING LEASE PAYMENT COMMITMENTS ¨C AS LESSEE
At the end of the reporting year the total of future minimum lease payment commitments under non-cancellable
operating leases are as follows:
GROUP
2016
$¡¯000
2015
$¡¯000
Not later than one year
4,374
4,258
Later than one year and not later than five years
11,979
15,706
Rental expense for the year
5,434
4,321
Operating lease payments are for rentals payable for warehouses, office and showroom premises. The lease rental
terms are negotiated for an average term of six years and rentals are subject to an escalation clause but the amount
of the rent increase is not to exceed a certain percentage.
27.
OPERATING LEASE INCOME COMMITMENTS - AS LESSOR
At the end of the reporting year the total of future minimum lease receivables committed under non-cancellable
operating leases are as follows:
GROUP
2016
$¡¯000
2015
$¡¯000
Not later than one year
2,324
1,352
Later than one year and not later than five years
2,918
2,592
Rental income for the year
1,646
1,236
Operating lease income commitments are for office premises and leasing of automobiles. The lease rental income
terms are negotiated for an average term of between three to five years.
28.
CONTINGENT LIABILITIES AND OTHER COMMITMENTS
GROUP
2016
$¡¯000
2015
$¡¯000
Banker¡¯s guarantee in favour of suppliers of certain subsidiaries (secured)
4,534
4,253
