Page 183 - Hong Kong Housing Society 香港房屋協會 - Annual Report 2018 年報

Notes to the Financial Statements 財務報表附註

22. Commitments for property development/ 22. 物業發展、改善及社會項目
improvements/social projects 承擔

At the end of the reporting period, the commitments in respect of ׵జѓಂ͋Ϟᗫيุ೯࢝e܊㡼ࠠ
property developments, estate redevelopment/improvement work ܔeᅽρҷഛʈ೻ʿٟึධͦ͊ɝሪ
and social projects, which have not been provided for in the financial ٙוዄږᕘ฿ܼνɨj
statements are as follows:

(in HK$Million) €ಥ࿆ϵຬʩ 2018 2017
Contracted but not provided for ʊᖦߒШ͊Ъ̈ᅡ௪ٙʈ೻ 2,962.5 1,715.4

Authorised but not contracted for ʊ຾ࣨࡘϾ͊ᖦߒٙʈ೻ 15,287.4 15,861.3

18,249.9 17,576.7

In addition to the estate redevelopment commitments included in ג܊՘ึ׵జѓಂ͋Пࠇdৰə˸ɪ
the above, the Housing Society estimated at the end of the reporting ܊㡼ࠠܔٙוዄdᒔึఱᅽᙧ൴ཀ
period that it will commit an additional amount of HK$13,125.1 ̬ɤϋٙɤࡈ€ɚཧɓɖϋjɞࡈՉ
million (2017: HK$10,951.1 million) for the redevelopment of two ʕՇࡈ€ɚཧɓɖϋjՇࡈ̈ॡ܊㡼
(2017: two) of the ten (2017: eight) rental estates aged over 40 years. ࠠܔධͦЪ̈וዄdᕘ̮וዄږᕘމ
ಥ࿆ɓϵɧɤɓᄂɚɷʞϵɓɤຬʩ
€ ɚཧɓɖϋj ಥ࿆ɓϵཧ
ɘᄂʞɷɓϵɓɤຬʩf

23. Operating lease arrangements 23. 營運租約安排

At the end of the reporting period, the Housing Society had ׵జѓಂ͋dג܊՘ึၾՉॡ˒ఱϞ
contracted with tenants for future minimum lease payments under ᗫ̈ॡيุٙʔ̙՟ऊᐄ༶ॡߒd׵
non-cancellable operating leases in respect of rented premises which ɨΐՑಂࣛࠢٙ௰ˇॡږϗɝj
fall due as follows:

(in HK$Million) €ಥ࿆ϵຬʩ 2018 2017

Within 1 year ɓϋʫ 645.1 608.3
2 to 5 years ՇЇʞϋʫ 470.0 351.5
Over 5 years ʞϋ˸ܝ 25.8 17.7

1,140.9 977.5

Majority of the leases are negotiated for terms ranging from two to ɽ௅ʱٙॡߒಂࠢމɚЇɧϋfৰ௅
three years. Rentals are generally fixed over the lease terms except ʱ৾ԓఙՉॡږܲ༈৾ԓఙᐄ༶ਠʘ
that rental of certain car parks is calculated on a percentage of their ᐼᐄุᕘٙϵʱˢࠇၑdՉ˼ॡږί
respective car parks operator’s gross revenue. ॡߒಂʫɓছ݊ո֛ٙf

香港房屋協會2017/18年度年報 181