2017E — Page 124

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

13 INVESTMENT PROPERTIES, OTHER PROPERTY, PLANT AND EQUIPMENT AND

LEASEHOLD LAND (Continued)

(c)

The Group leases out investment properties under operating leases. The leases typically run for an initial period of one month to eight years, with an option to renew the lease after that date at which time all terms are renegotiated. Certain of the leases include contingent rentals calculated with reference to the revenue of tenants.

All properties held under operating leases that would otherwise meet the definition of investment properties are classified as investment properties.

The Group's total future minimum lease payments under non-cancellable operating leases are receivable as follows:

Within 1 year

After 1 year but within 5 years

After 5 years

122

Hong Kong Ferry (Holdings) Company Limited Annual Report 2017

2017

HK$'000

2016

HK$'000

66,208

61,690

52,318

69,791

9,200

14,159

127,726

145,640