Lenovo 2015 Annual Report Download - page 199

197
2014/15 Annual Report Lenovo Group Limited
NOTES TO THE FINANCIAL STATEMENTS
31 SIGNIFICANT RELATED PARTY TRANSACTIONS
(a) The Group had the following significant related party transactions in the normal course of business during the year:
2015 2014
US$’000 US$’000
閃聯信息技術工程中心有限公司
(IGRS Engineering Lab Limited) (an associate)
– Purchase of goods –2,508
上海視雲網絡科技有限公司
(Shanghai Shiyun Network Technology Limited) (a joint venture)
– Purchase of goods 4,522 –
Note: The English name of each company is a direct translation of its Chinese registered name.
(b) Key management compensation
Details on key management compensation are set out in Note 11.
32 COMMITMENTS
(a) Capital commitments
Apart from disclosed elsewhere in these financial statements, on March 31, 2015, the Group had the following other
capital commitments:
2015 2014
US$’000 US$’000
Contracted but not provided for:
– Property, plant and equipment 261,663 153,621
– Patent and technology –122,500
– IT consulting services 6,738 830
268,401 276,951
Authorized but not contracted for:
– Property, plant and equipment 1,027,710 890,701
– IT consulting services 251 –
– Prepaid lease payments – 65,692
1,027,961 956,393
(b) Commitments under operating leases
The future aggregate minimum lease payments in respect of land and buildings under non-cancelable operating leases
of the Group are as follows:
2015 2014
US$’000 US$’000
Not later than one year 107,222 63,798
Later than one year but not later than five years 428,706 162,487
Later than five years 311,278 61,784
847,206 288,069