YCP Holdings (Global) Limited
Notes to Combined Financial Statements
For the financial years ended 31 December 2019 and 2020
|
27. |
LEASE LIABILITIES |
The carrying amounts of the Group's lease liabilities are as follows:
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|
2020 |
2019 |
1 January 2019 |
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|
Minimum lease payments |
Present value of minimum lease payments |
Minimum lease payments |
Present value of minimum lease payments |
Minimum lease payments |
Present value of minimum lease payments |
|
|
US$ |
US$ |
US$ |
US$ |
US$ |
US$ |
|
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|
|
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Amounts payable: |
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|
|
|
|
|
|
Within one year |
3,131,106 |
3,066,861 |
2,834,391 |
2,755,423 |
3,021,846 |
2,908,561 |
|
In the second to fifth years, inclusive |
1,604,344 |
1,568,994 |
2,093,030 |
2,057,045 |
2,451,564 |
2,336,561 |
|
After five years |
236,343 |
228,997 |
18,257 |
18,207 |
– |
– |
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Total minimum lease payments |
4,971,793 |
4,864,852 |
4,945,678 |
4,830,675 |
5,473,410 |
5,245,122 |
|
|
|
|
|
|
|
|
|
Future finance charges |
(106,941) |
|
(115,003) |
|
(228,288) |
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Total net lease payables |
4,864,852 |
|
4,830,675 |
|
5,245,122 |
|
|
Portion classified as current liabilities |
(3,066,861) |
|
(2,755,423) |
|
(2,908,561) |
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|
|
|
|
|
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|
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Non-current portion |
1,797,991 |
|
2,075,252 |
|
2,336,561 |
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