79
SUNMOON FOOD COMPANY LIMITED
ANNUAL REPORT 2015
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
21.
TRADE AND OTHER PAYABLES
(CONTINUED)
The currency profiles of trade and other payables as at end of the reporting period are as follows:
Group
Company
2015
2014
2015
2014
$’000
$’000
$’000
$’000
Singapore Dollar
3,567
3,257
3,062
3,658
Chinese Renminbi
2,939
5,656
–
–
United States Dollar
1,478
3,895
5,798
318
Hong Kong Dollar
6
3
–
–
7,990
12,811
8,860
3,976
22.
OPERATING LEASE COMMITMENTS
(a)
Group as lessee
As at the end of the reporting period, there were operating lease commitments for office rental payable in
subsequent accounting periods as follows:
Group
2015
2014
$’000
$’000
Within one financial year
152
65
After one financial year but within five financial years
143
24
295
89
The above operating lease commitments are based on existing rental rates. The lease agreements provide
for periodic revision of such rates in the future. The lease have varying terms, escalation clauses and renewal
rights. These leases have any average tenure of between one and three years with no contingent rent
provision included in the contracts. These leases have terms of renewal and renewals are at the option of
entities that holds the lease.
(b)
Group as lessor
The Group has entered into a commercial lease of its factory and manufacturing facilities located in the
People’s Republic of China. This non-cancellable lease has a remaining lease term of 4.5 years as at the
end of the reporting period.
