Huawei 2012 Annual Report Download - page 78

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Consolidated Financial Statements Summary and Notes
75
(b) Leases as lessor
The Group leases out certain of its properties under operating leases (see note 2). Non-cancellable
operating lease rentals are receivable as follows:
2012 2011
CNY’million CNY’million
Less than one year 100 46
Between one and five years 947
109 93
During the year ended December 31, 2012, CNY114,044,000 was recognised as rental income in the
consolidated income statement (2011: CNY196,819,000).
24. Capital commitments
(a) Acquisition and construction of buildings
Capital commitments of the Group in respect of acquisition and construction of buildings are summarised
as follows:
2012 2011
CNY’million CNY’million
Contracted for 2,094 2,152
Authorised but not contracted for 4,376 5,257
6,470 7,4 09
The Group leases a number of warehouses, factory
facilities, office premises and staff apartments
under operating leases. The leases typically run
for an initial period of between one and five years.
None of the leases includes contingent rentals.
During the year ended December 31, 2012,
CNY2,334,125,000 was recognised as an expense
in the consolidated income statement in respect of
operating leases (2011: CNY2,052,028,000).