161
AirAsia X Berhad • Annual Report 2014
NOTES TO THE FINANCIAL STATEMENTS
AS AT 31 DECEMBER 2014
26 SHARE CAPITAL (CONTINUED)
Set out below are details of options over the ordinary shares of the Company granted under the ESOS:
Grant date
Expiry date
Exercise price
At 1.1.2014
Granted
Exercised
Forfeited
At 31.12.2014
RM/share
‘000
‘000
‘000
‘000
‘000
1 July 2013
11 October 2017
1.25
9,550
-
-
(3,400)
6,150
The vested options are not exercised as at the balance sheet date.
27 COMMITMENTS
(a)
Capital commitments not provided for in the financial statements are as follows:
Group and Company
2014
RM’000
2013
RM’000
Property, plant and equipment – approved and contracted for:
- Not later than 1 year
3,640,862
3,798,706
- Later than 1 year and not later than 5 years
12,773,934
23,551,979
- Later than 5 years
58,548,565
12,168,353
74,963,361
39,519,038
Included in capital commitments as at 31 December 2014 is the purchase of Airbus A330 and A350 aircraft over the next 12 years.
(b)
Non-cancellable operating leases
The future minimum lease payments and sublease receipts under non-cancellable operating leases are as follows:
Group and Company
2014
2013
Future
minimum
lease
payments
RM’000
Future
minimum
sublease
receipts
RM’000
Future
minimum
lease
payments
RM’000
Future
minimum
sublease
receipts
RM’000
Not later than 1 year
665,326
111,688
325,015
-
Later than 1 year and not later than 5 years
3,314,688
446,751
1,119,568
-
Later than 5 years
4,977,571
420,343
1,139,078
-
8,957,585
978,782
2,583,661
-
The group leases various aircraft and engines under non-cancellable operating lease agreements. The lease terms are between 10 to 12 years.
