URA

134 (expressed in Hong Kong Dollars) NOTES TO THE FINANCIAL STATEMENTS 22. Commitments (Continued) (b) Operating lease commitments As at 31 March 2018, the total future minimum lease payments under non-cancellable operating leases in respect of office premises, in which $63,837,000 (31 March 2017: $5,065,000) is related to costs to be incurred for accommodating certain Government offices in a project site pursuant to a reprovision arrangement with the Government, are payable as follows: 2018 2017 $’000 $’000 Within 1 year 42,265 19,490 After 1 year but within 5 years 45,417 7,949 87,682 27,439 (c) Operating lease rental receivable As at 31 March 2018, the total future aggregate minimum lease rental receipts under non-cancellable operating leases in respect of properties, except for those commercial portions jointly developed by the developer and the Group, are receivable as follows: 2018 2017 $’000 $’000 Within 1 year 32,298 37,241 After 1 year but within 5 years 15,554 33,350 47,852 70,591 23. Significant related party transactions Transactions entered into by the Group with members of the Board and directors, parties related to them, Government Departments, agencies or Government controlled entities, other than those transactions which are entered into by parties in general in the course of their normal dealings, are considered to be related party transactions pursuant to HKAS 24 (Revised) “ Related Party Disclosures ”. During the year, the Authority reimbursed the Government an amount of $58,306,000 (2016/17: $56,650,000) for actual costs incurred by the Lands Department of the Government (the “Lands Department”) in connection with statutory resumption and site clearance work conducted for the redevelopment projects of the Authority. As at 31 March 2018, there was an amount of $4,970,000 (31 March 2017: $4,610,000) due to the Lands Department yet to be settled. The amount is unsecured, interest-free and repayable on demand and included in trade and other payables. In 2011/12, the Authority has contributed $500,000,000 to Urban Renewal Trust Fund (the “Fund”). During the year, the Authority provided administrative and support services to the Fund for $1,350,000 (2016/17: $945,000).