PPS Integrated Report 2021 185 | Notes to the Consolidated Financial Statements 33.COMMITMENTS Group 2021 2020 R’m R’m (a) Capital expenditure contracted for at the reporting date but not yet incurred is as follows: – Committed but not contracted for 674 109 (b) 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 23. The future aggregate minimum lease receipts under non-cancellable operating leases are as follows: Due in one year or less 45 34 Due between one year and five years 58 44 Due after five years 2 1 (c) Irrevocable loan commitments Authorised and contracted 106 178 34.RESTATEMENT OF COMPARATIVES PPS Collective investment Scheme ("CIS) is a controlled entity of the Group in terms of IFRS 10. This Scheme consists of various underlying unit trust funds. Investments held by the CIS in other collective investment schemes controlled by the Group for purposes of IFRS 10 were previously not eliminated on consolidation. The correction resulted in a decrease in total liabilities to unit holders of R10.9 billion (2019: R9.3 billion) and a decrease in Surplus attributable to unit trust holders of R644.1 million (2019: R861.3 million). Opening balances have been restated in terms of IAS 1. The restatements impacts assets, liabilities and profits & losses related to assets managed for third parties. The PPS Global Equity fund, a sub-fund of Precient Global Funds ICAV, is a controlled entity in terms of IFRS 10. This fund was established in 2019. The entity was omitted from the Consolidated Annual Financial Statements. The correction resulted in an increase in total assets and liabilities to unit holders of R2.3bn (2019: R1.6bn) and an increase in Surplus attributable to unit trust holders of R512.7 million (2019: R90.4 million). Opening balances have been restated in terms of IAS 1. The restatement impacts assets and liabilities managed for third parties. These restatements have no impact on the annual allocation of surplus to members' PPS Profit-Share Accounts and no effect on members' assets backing up these accounts. The impact of these restatements is indicated below:
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