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CHINESE SWIMMING CLUB
Notes To The Financial Statements For The Financial Year Ended 31 December 2022
28. LEASES (CONT’D) Club as a lessor
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The Club has entered into operating leases on a portion of the Club premises to nonrelated parties under non-cancellable operating leases. These leases are negotiated for terms ranging from one to three years. The lessees are required to pay either absolute fixed lease payment or contingent rents computed based on their sales achieved during the lease period.
The rental income recognised are as follows:
The future minimum rental receivable under non-cancellable operating leases contracted for at the end of the reporting period are as follows:
29. COMMITMENTS Capital
commitments
Capital expenditures contracted for at the end of reporting period but not recognised in the financial statements:
