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## 29. Commitments and contingencies 

## Operating lease commitments - Group as lessee 

## NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 

(RMB AND US$ AMOUNTS EXPRESSED IN THOUSANDS, EXCEPT PER SHARE DATA) 

The Group has entered into commercial leases on certain motor vehicles, office space and items of machinery. These leases have an average life of between three and five years with no renewal option included in the contracts. There are no restrictions placed upon the Group by entering into these leases. 

Future minimum rentals payable under non-cancellable operating leases as at December 31 are as follows: 

<img src='content_image/160046.jpg'>

The minimum lease payments recognized as an expense in the period ended December 31, 2011, 2012 and 2013 amounted to Rmb 43,806, Rmb 46,817 and Rmb 51,115 (US$8,352). 

## Operating lease commitments - Group as lessor 

The Group has leased out some of its assets, including surplus office and manufacturing buildings. All leases include a clause to enable upward revision of the rental charge on an annual basis according to prevailing market conditions. 

Future minimum rentals receivable under non-cancellable operating leases as at December 31 are as follows: 

<img src='content_image/160047.jpg'>

