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On Top of Our Game 90
Financial Statements
Notes to Financial Statements
31 March 2014
18 CAPITAL COMMITMENTS (cont’d)
At the end of the reporting period, the Commission has outstanding commitments under non-cancellable
operating leases, which fall due as follows:
2014 2013
$ $
Not later than one year 1,563,968 494,386
Later than one year but not later than five years 2,282,635 39,929
3,846,603 534,315
Operating lease payments represent rentals payable by the Commission for its office premises, office
equipment under operating leases and facility management services for infocomm technology. Leases are
negotiated and rentals are fixed for an average of 1 to 5 years with renewal options included in the contracts.
19 RECLASSIFICATIONS AND COMPARATIVE FIGURES
Certain reclassifications have been made to the prior year’s financial statements to enhance comparability
with the current year’s financial statements.
As a result, certain line items have been amended in the statement of financial position, statement of cash
flow and the related notes to the financial statements. Comparative figures have been adjusted to conform to
the current year’s presentation.
The items were reclassified as follows:
Previously After
reported reclassification
2013 2013
$ $
Statement of financial position
Plant and equipment 2,875,004 2,800,793
Intangible assets 113,572 187,783
Financial Statements
Notes to Financial Statements
31 March 2014
18 CAPITAL COMMITMENTS (cont’d)
At the end of the reporting period, the Commission has outstanding commitments under non-cancellable
operating leases, which fall due as follows:
2014 2013
$ $
Not later than one year 1,563,968 494,386
Later than one year but not later than five years 2,282,635 39,929
3,846,603 534,315
Operating lease payments represent rentals payable by the Commission for its office premises, office
equipment under operating leases and facility management services for infocomm technology. Leases are
negotiated and rentals are fixed for an average of 1 to 5 years with renewal options included in the contracts.
19 RECLASSIFICATIONS AND COMPARATIVE FIGURES
Certain reclassifications have been made to the prior year’s financial statements to enhance comparability
with the current year’s financial statements.
As a result, certain line items have been amended in the statement of financial position, statement of cash
flow and the related notes to the financial statements. Comparative figures have been adjusted to conform to
the current year’s presentation.
The items were reclassified as follows:
Previously After
reported reclassification
2013 2013
$ $
Statement of financial position
Plant and equipment 2,875,004 2,800,793
Intangible assets 113,572 187,783
