GOING
THE DISTANCE
EUROSPORTS
GLOBAL
.92
NOT E S TO T HE
F I NANC I A L S TAT EMEN T S
YEAR ENDED
31 MARCH, 2016
21.
OTHER FINANCIAL LIABILITIES (CONT¡¯D)
21C. Finance lease payables
Group
Minimum
payments
Finance
charges
Present
value
$¡¯000
$¡¯000
$¡¯000
2016:
Minimum lease payments payable:
Due within one year
1,010
(48)
962
Due within 2 to 5 years
950
(43)
907
Total
1,960
(91)
1,869
Net book value of plant and equipment and inventories under finance leases
5,916
2015:
Minimum lease payments payable:
Due within one year
1,653
(66)
1,587
Due within 2 to 5 years
498
(31)
467
Total
2,151
(97)
2,054
Net book value of plant and equipment and inventories under finance leases
4,368
There are leases for certain of its plant and equipment and inventories under finance leases. The average lease term
is 2 to 5 years. The average effective interest rate is about 1.38% to 2.86% (2015: 1.38% to 1.88%) per year. All leases
are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments. The
obligations under finance leases are secured by the lessor¡¯s charge over the leased assets, corporate guarantee by
the company and personal guarantees from the executive directors of the company.
22.
OTHER LIABILITIES
GROUP
2016
$¡¯000
2015
$¡¯000
Non-current:
Deferred income (Note 22A)
9,866
13,199
Non-current, total
9,866
13,199
Current:
Deferred income (Note 22A)
3,333
3,333
Deferred income ¨C others
386
282
Warranty provision (Note 22B)
53
96
Deposits from customers
13,075
10,896
Current, total
16,847
14,607
Total
26,713
27,806
