Notes to the Accounts (Continued)
24 FINANCIAL RISK MANAGEMENT AND FAIR VALUES OF FINANCIAL
INSTRUMENTS (Continued)
(f) Estimation of fair values
The following summaries the major methods and assumptions used in estimating the fair values of financial
instruments.
25
(i)
Listed securities
Fair value is based on quoted market prices at the balance sheet date without any deduction for
transaction costs.
OPERATING LEASE COMMITMENTS
At 31 December 2013, the total future minimum lease payments under non-cancellable operating leases are payable as
follows:
Within 1 year
After 1 year but within 5 years
2013
HK$'000
2012
HK$'000
3,517
3,616
4,388
924
7,133
5,312
The Group leases a number of retail outlets and offices under operating leases. The leases typically run for an initial period of two years. Lease payments are usually fixed during the period of the leases. None of the leases includes contingent rentals.
26
CAPITAL AND OTHER COMMITMENTS
Capital and other commitments outstanding at 31 December 2013 not provided for in the Group's consolidated
accounts were as follows:
Contracted for
Authorised but not contracted for
2013
HK$'000
2012
HK$'000
706,721
871,648
59,580
131,418
766,301
1,003,066
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