| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 29 |
|
| 29. |
Commitments
Future operating lease commitments
The Group leases various offices under non-cancellable operating lease agreements.
The lease terms are between one and 10 years, and the majority of lease agreements
are renewable at the end of the lease period at market rates.
The Group also leases various equipment under cancellable operating lease
agreements.
The Group is required to give six months’ notice for the termination of the majority of these
agreements.
The lease expenditure charged to the statement of comprehensive income during the year is
disclosed in .
The future aggregate minimum lease payments under non-cancellable operating leases are
as follows: |
| |
|
|
|
2013
R’000 |
|
2012
R’000 |
|
| |
Premises |
|
|
|
|
|
|
| |
Payable within one year |
|
|
27 288 |
|
25 905 |
|
| |
Payable in two to five years |
|
|
70 012 |
|
84 387 |
|
| |
Payable in greater than five years |
|
|
4 489 |
|
8 288 |
|
| |
Equipment |
|
|
|
|
|
|
| |
Payable within one year |
|
|
1 424 |
|
3 011 |
|
| |
Payable in two to five years |
|
|
376 |
|
2 481 |
|
| |
Payable in greater than five years |
|
|
— |
|
— |
|
| |
|
|
|
103 589 |
|
124 072 |
|
| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 29 |
|
|