Urban Renewal Authority 2018-19 Annual Report

164 (expressed in Hong Kong Dollars) NOTES TO THE FINANCIAL STATEMENTS 22. Commitments (a) Capital commitments Capital commitments in respect of acquisition of property, plant and equipment at 31 March 2019 are as follows: 2019 2018 $’000 $’000 Contracted but not yet incurred 43,688 2,403 (b) Operating lease commitments As at 31 March 2019, the total future minimum lease payments under non-cancellable operating leases in respect of office premises, in which $34,997,000 (31 March 2018: $63,837,000) 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: 2019 2018 $’000 $’000 Within 1 year 45,243 42,265 After 1 year but within 5 years 25,569 45,417 70,812 87,682 (c) Operating lease rental receivable As at 31 March 2019, 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: 2019 2018 $’000 $’000 Within 1 year 36,901 32,298 After 1 year but within 5 years 29,607 15,554 66,508 47,852