Singapore Airlines 2006 Annual Report Download - page 130
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128
Singapore Airlines Annual Report 05/06
32 Capital and Other Commitments (in $ million) (continued)
(b) Operating lease commitments (continued)
As lessee (continued)
Future lease payments under non-cancellable operating leases are as follows:
The Group The Company
31 March 31 March
2006 2005 2006 2005
Not later than one year 380.9 404.2 312.2 383.0
Later than one year but not later than five years 888.3 886.7 635.5 803.9
Later than five years 485.4 449.4 285.0 394.5
1,754.6 1,740.3 1,232.7 1,581.4
Property and equipment
The Group has entered into operating lease agreements for offi ce and computer equipment and leasehold land and
buildings. These non-cancellable leases have lease terms of between 1 to 18 years.
Future lease payments under non-cancellable operating leases are as follows:
The Group
31 March
2006 2005
Not later than one year 1.9 3.1
Later than one year but not later than fi ve years 5.6 10.9
Later than fi ve years 23.7 29.8
31.2 43.8
As lessor
Aircraft
The Group has entered into commercial aircraft leases. These non-cancellable leases have remaining lease terms of between
one month and two-and-a-half years. The lease rental is fi xed throughout the lease term.
Future minimum lease payments receivable under non-cancellable operating leases are as follows:
The Group The Company
31 March 31 March
2006 2005 2006 2005
Not later than one year 14.4 34.7 0.8 20.8
Later than one year but not later than five years 19.3 35.7 – 29.9
33.7 70.4 0.8 50.7
NOTES TO THE FINANCIAL STATEMENTS
31 March 2006