Creative 2013 Annual Report Download - page 53

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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
2013 2012 2013 2012
US$’000 US$’000 US$’000 US$’000
Property and equipment  141  141
Other purchase obligaons  11,850  10,355
 11,991  10,496
(b) Operating lease commitments – where the Group is a lessee
The Group leases ofce space 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
2013 2012
US$’000 US$’000
Not later than one year  13,260
Between one and ve years  725
 13,985
(c) Operating lease commitments – where the Group is a lessor
In the nancial year ended 30 June 2012, 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
2013 2012
US$’000 US$’000
Not later than one year – 4,444
Between one and ve years – –
– 4,444
At the Annual General Meeting to be held on 30 October 2013, a nal exempt dividend of S$0.10 per share amounting
to a total of US$5,560,000 will be recommended. These nancial statements do not reect this dividend, which will be
accounted for in shareholders’ equity as an appropriation of retained earnings in the nancial year ending 30 June 2014.