Lenovo 2010 Annual Report Download - page 139

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2009/10 Annual Report Lenovo Group Limited
137137
33 Commitments (continued)
(b) Commitments under operating leases
The Group had future aggregate minimum lease payments in respect of land and buildings under non-cancelable
operating leases as follows:
2010 2009
US$’000 US$’000
Not later than one year 35,960 38,946
Later than one year but not later than five years 77,218 93,714
Later than five years 50,796 61,901
163,974 194,561
At March 31, 2010, the Company did not have any operating lease commitments (2009: Nil).
34 Contingent liabilities
(a) The Group, in the ordinary course of its business, is involved in various other claims, suits, investigations, and legal
proceedings that arise from time to time. Although the Group does not expect that the outcome in any of these
other legal proceedings, individually or collectively, will have a material adverse effect on its financial position or
results of operations, litigation is inherently unpredictable. Therefore, the Group could incur judgments or enter into
settlements of claims that could adversely affect its operating results or cash flows in a particular period.
(b) The Company has executed guarantees with respect to bank facilities made available to its subsidiaries. At March
31, 2010, such facilities granted and utilized amounted to approximately US$1,653,268,000 and US$1,101,677,000
(2009: US$533,837,000 and US$59,952,000) respectively.
(c) The Company has issued letters of guarantee to certain suppliers and vendors of its subsidiaries. At March 31, 2010,
the guarantees of approximately US$100,000,000 (2009: US$100,000,000) granted were fully utilized.