NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
11 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 six 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
2018
HK$'000
2017
HK$'000
69,235
66,208
72,395
52,318
4,400
9,200
146,030
127,726
Hong Kong Ferry (Holdings) Company Limited
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Annual Report 2018
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