Singapore Airlines 2010 Annual Report Download - page 173
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ANNUAL REPORT 2009/10
171
35 Capital and Other Commitments (in $ million) (continued)
(b) Operating lease commitments (continued)
As lessee (continued)
Property and equipment
The Group has entered into operating lease agreements for office and computer equipment, leasehold land and
buildings. These non-cancellable leases have lease terms of between 1 to 30 years.
Future lease payments under non-cancellable operating leases are as follows:
The Group The Company
31 March 31 March
2010 2009 2010 2009
Not later than one year 48.4 62.6 45.8 49.1
Later than one year but not later than five years 73.1 101.8 69.0 73.6
Later than five years 17.9 54.2 6.9 8.4
139.4 218.6 121.7 131.1
The minimum lease payments recognised in the profit and loss account amounted to $54.5 million (2008-09:
$63.7 million) and $51.2 million (2008-09: $53.3 million) for the Group and the Company respectively.
As lessor
Aircraft
The Group had previously entered into a commercial aircraft lease. This non-cancellable lease has a remaining
lease term of 5 years and 5 months. The lease rental is fixed throughout the lease term.
Future minimum lease receivables under non-cancellable operating leases are as follows:
The Group
31 March
2010 2009
Not later than one year 13.6 -
Later than one year but not later than five years 54.5 59.1
Later than five years 5.7 20.9
73.8 80.0