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NOTES TO THE FINANCIAL STATEMENTS (CONT.)

Note 34. Commitments

Consolidated 2014
$’000
2015
$’000

Capital commitments 4,993 3,026
Committed at the reporting date but not recognised as liabilities, payable:
Property, plant and equipment 96,130 87,322
Lease commitments - operating 133,695 140,747
Committed at the reporting date but not recognised as liabilities, payable:
Within one year 2,819 225
One to five years 232,644 228,294
More than five years
210 1,137
Lease commitments - finance - 4,290
Committed at the reporting date and recognised as liabilities, payable:
Within one year 210 5,427
One to five years (6) (478)
Total commitment
Less: Future finance charges 204 4,949
Net commitment recognised as liabilities*

* At balance date, there were no finance lease liabilities relating to the Company’s asset finance facility (2014:
$4.5 million). Details of the asset finance facility are detailed in note 22.

Assets pledged as security
The consolidated entity’s obligations under finance leases are secured by the lessors’ title to the leased assets, which
have a carrying amount of $0.2 million (2014: $4.9 million).

Not included in the above commitments are contingent rental payments which may arise in the event that sales
revenue exceeds a pre-determined amount.

Note 35. Related party transactions
Parent entity

Specialty Fashion Group Limited is the parent entity.

Subsidiaries
Interests in subsidiaries are set out in note 37.

Key management personnel
Disclosures relating to key management personnel are set out in note 31 and the remuneration report in the
directors’ report.

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