Creative 2012 Annual Report Download - page 55

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53
CREATIVE TECHNOLOGY LTD AND ITS SUBSIDIARIES
28. COMMITMENTS
(a) Capital and other commitments
Capital and other expenditures contracted for at the balance sheet date but not recognised in the nancial statements are as
follows:
Group Company
2012 2011 2012 2011
US$’000 US$’000 US$’000 US$’000
Property and equipment 141 7,427 141 140
Other purchase obligaons 11,850 19,506 10,355 10,390
11,991 26,933 10,496 10,530
(b) Operating lease commitments – where the Group is a lessee
The Group leases land and certain of its facilities and equipment from non-related parties under non-cancellable operating
lease agreements. The leases have varying terms, escalation clauses and renewal rights.
The future minimum lease payables under non-cancellable operating leases contracted for at the balance sheet date but not
recognised as liabilities, are as follows:
Group
2012 2011
US$’000 US$’000
Not later than one year 13,260 14,893
Between one and ve years 725 16,942
13,985 31,835
(c) Operating lease commitments – where the Group is a lessor
The Group leases out ofce space to non-related parties under non-cancellable operating leases.
The future minimum lease receivables under non-cancellable operating leases contracted for at the balance sheet date but
not recognised as receivables, are as follows:
Group
2012 2011
US$’000 US$’000
Not later than one year 4,444 3,580
Between one and ve years – 2,109
4,444 5,689