FGV Annual Report 2017

FELDA GLOBAL VENTURES HOLDINGS BERHAD FINANCIAL STATEMENTS 306 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 54 SIGNIFICANT RELATED PARTY TRANSACTIONS (CONTINUED) (g) Dividend payable to other related company Group 2017 RM’000 2016 RM’000 KPF 123,561 - 55 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 arrangements. 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 2017 RM’000 2016 RM’000 Within 1 year 39,436 30,808 Between 1 and 2 years 17,727 15,717 Between 2 and 3 years 8,130 6,922 Between 3 and 4 years 6,736 4,848 Between 4 and 5 years 6,304 3,507 More than 5 years 9,170 12,379 87,503 74,181 The lease payments recognised in profit or loss during the financial year amounted to RM26,656,000 (2016: RM22,115,000).