|
The Group leases various offices under non-cancellable operating lease agreements.
The lease terms are between one and five years, and the majority of lease agreements are renewable
at the end of the lease period at market rates.
The Group also leases various equipment under cancellable operating lease agreements.
The Group is required to give six months’ notice for the termination of the majority of these
agreements.
The lease expenditure charged to the statement of comprehensive income during the year is disclosed
in note 19.
The future aggregate minimum lease payments under non-cancellable operating leases are as follows:
|
|
|
|
|
|
|
| |
2015
R’000 |
|
|
|
2014
R'000 |
|
|
|
|
|
|
|
|
| Payable within one year |
27 512 |
|
|
|
29 434 |
|
| Payable in two to five years |
29 663 |
|
|
|
53 526 |
|
| Payable in greater than five years |
— |
|
|
|
348 |
|
|
|
|
|
|
|
|
| Payable within one year |
293 |
|
|
|
416 |
|
| Payable in two to five years |
204 |
|
|
|
342 |
|
| Payable in greater than five years |
— |
|
|
|
— |
|
| |
57 672 |
|
|
|
84 066 |
|
The Group has committed to provide funding of R109.4 million to certain joint ventures
and associates.
The commitments are non-binding but have been undertaken with a reasonable expectation
of fulfilment. |