FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 309 53 SIGNIFICANT RELATED PARTY TRANSACTIONS (CONT’D.) (f) Loans due from/to related parties (Cont’d.) (iii) Amount due from Bunge ETGO, joint venture of a subsidiary. Terms and conditions of the amount due are disclosed in Note 28 to the financial statements. Group 2013 2012 RM’000 RM’000 At 1 January 75,306 45,520 Disbursement - 29,552 Repayment (75,033) - Currency translation differences (273) 234 At 31 December - 75,306 54 COMMITMENTS (a) Operating lease arrangements (i) The Group as lessee: The Group leases premises, railroads cars, storage tanks, meal storage facilities and certain equipments from various parties under operating lease arrangement. None of the leases includes contingent rentals. There are no restrictions placed upon the Group by entering into these leases. The future aggregate minimum lease payments under non-cancellable operating lease are as follows: Group 2013 2012 RM’000 RM’000 Within 1 year 6,306 13,558 Between 1 and 2 years 13,669 12,432 Between 2 and 3 years 11,821 11,480 Between 3 and 4 years 9,933 10,776 Between 4 and 5 years 9,591 9,844 More than 5 years 39,270 52,755 90,590 110,845 The lease payments recognised in profit or loss during the financial year amounted to RM6,659,000 (2012: RM9,887,000).