NOTES TO THE FINANCIAL STATEMENTS
FOR THE FInAncIAL yEAR EnDED 30 JunE 2016
29
OPERATING LEASE COMMITMENTS
The Group leases various offices, motor vehicles, copiers, warehouses and staff’s accommodation under non-
cancellable operating lease agreements. The leases have varying terms, escalation clauses and have tenure of
more than one year with renewal options.
The future minimum lease payables under non-cancellable operating leases contracted for at the reporting date
but not recognised as liabilities, are as follows:
Group
Company
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Not later than one year
1,075
1,045
–
–
Between two and five years
331
10
–
–
1,406
1,055
–
–
Lease terms do not contain restrictions in the Group’s activities concerning dividends, additional debt or
further leasing.
30
FINANCIAL INSTRUMENTS
a)
Categories of financial instruments
Financial instruments at their carrying amounts at reporting date are as follows:
Group
Company
2016
2015
2016
2015
$’000
$’000
$’000
$’000
Financial assets
Loans and receivables
Trade and other receivables
18,445
16,052
4,678
2,532
Cash and bank balances
34,148
32,273
7,158
8,667
52,593
48,325
11,836
11,199
Held-to-maturity
Structure deposits
400
400
–
–
Investment in bonds
2,061
–
–
–
2,461
400
–
–
Financial liabilities
Trade and other payables
20,999
17,148
3,415
3,014
Finance lease liabilities
2,525
1,378
–
–
Bank borrowings
6,293
2,929
1,209
–
At amortised cost
29,817
21,455
4,624
3,014
103
ISOTEAM LTD.
ANNUAL REPORT 2016
