NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
31. Commitments (cont’d)
(b)
Operating lease commitments – as lessor
The Group has entered into commercial property leases on its investment properties. These non-cancellable leases have
remaining lease terms of one to two years, with renewal option for 3 years included in the contract.
Future minimum rental receivables under non-cancellable operating leases at the end of the reporting period are as
follows:
32. Dividends
Group
2014
2013
S$’000
S$’000
Not later than one year
8,469
10,623
Later than one year but not later than five years
–
1,169
8,469
11,792
Group and Company
2014
2013
S$’000
S$’000
Declared and paid during the financial year:
Dividends on ordinary shares:
Final tax-exempt (one-tier) dividend for 2013:
S$0.018 (2012: S$0.018) per share
9,180
9,180
Proposed but not recognised as a liability
as at 31 December :
Dividends on ordinary shares, subject to shareholders’ approval at the AGM:
Final tax-exempt (one-tier) dividends for 2014: S$0.04
(2013: S$0.018) per share
20,399
9,180
Hock Lian Seng Holdings Limited
Annual report 2014
84
