NewWorld Development Company Limited
FINANCIAL SECTION
192
43 COMMITMENTS
(continued)
(c) Operating lease receivable
The future minimum rental receivable under non-cancellable operating leases are as follows:
2015
2014
HK$m
HK$m
In the first year
1,781.0
1,865.5
In the second to fifth year
2,550.3
2,666.2
After the fifth year
915.9
687.6
5,247.2
5,219.3
The Group’s operating leases are for terms ranging from 1 to 10 years.
44 FINANCIAL GUARANTEE AND CONTINGENT LIABILITIES
2015
2014
HK$m
HK$m
Financial guarantee contracts:
Mortgage facilities for certain purchasers of properties
2,240.0
2,034.5
Guarantees for credit facilities granted to
Joint ventures
4,229.4
4,466.7
Associated companies
20.0
20.0
A related company
49.7
64.7
Indemnity to non-wholly owned subsidiaries for Mainland China tax liabilities
1,415.0
1,666.2
7,954.1
8,252.1
Note:
Share of contingent liabilities of joint ventures not included above are HK$19.4 million (2014: HK$16.8 million).
