2019 Integrated Report

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) for the year ended 31 December 2019 150 | PPS INTEGRATED REPORT 2019 32. COMMITMENTS Group 2019 2018 R’000 R’000 (a) Capital expenditure contracted for at the reporting date but not yet incurred is as follows: – Committed but not contracted for 107 109 109 736 (b) Operating lease commitments – where a Group entity is the lessee The Group leases various offices under non-cancellable lease agreements. The leases have varying terms, escalation clauses and renewal rights. The lease expenditure charged to the Statement of Profit or Loss and Other Comprehensive Income during the year is disclosed in note 2 and 26. The future aggregate minimum lease payments under non-cancellable leases are as follows: Due in one year or less 4 421 36 249 Due between one year and five years – 68 862 Due after five years – – (c) Operating lease commitments – where a Group entity is the lessor The Group leases out its investment property (see note 3) under non-cancellable operating lease agreements. The leases have varying terms, escalation clauses and renewal rights. The lease revenue charged to the Statement of Profit or Loss and Other Comprehensive Income during the year is disclosed in note 22. The future aggregate minimum lease receipts under non-cancellable operating leases are as follows: Due in one year or less 54 496 28 473 Due between one year and five years 76 972 48 408 Due after five years 2 878 2 077