notes to the
financial statements For the financial year ended 30 June 2013
27. Commitments (cont’d) Finance lease commitments Commitments under finance lease are as follows: 2013
2013
2012
2012
Minimum lease payments
Present value of payments
Minimum lease payments
Present value of payments
$’000
$’000
$’000
$’000
Within one year
–
–
7
6
After one year but not more than five years
–
–
–
–
Total minimum lease payments
–
–
7
6
Less: Amounts representing finance charges
–
–
(1)
–
Present value of minimum lease payments
–
–
6
6
The weighted average interest rate implicit in the lease is Nil (2012: 3.75%). 28. Investment in subsidiaries Company
Unquoted equity shares, at cost
76
Positioned for growth
2013
2012
$’000
$’000
21,304
15,166