MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS MISC BERHAD | Annual Report 2017 268 33. COMMITMENTS (CONT'D.) (c) Non-cancellable operating lease commitments - Group and Corporation as lessor Group Corporation 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 Future minimum rentals receivable: Not later than 1 year 2,830,213 3,657,628 890,427 836,174 Later than 1 year and not later than 5 years 9,291,568 12,052,315 3,527,791 4,369,407 Later than 5 years 11,919,258 15,839,885 7,452,467 9,239,748 24,041,039 31,549,828 11,870,685 14,445,329 34. CONTINGENT LIABILITIES Group Corporation 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 Secured Bank guarantee extended to a third party 565 362 - - Unsecured Performance bond on contract extended to third parties 293,799 435,533 5,329 10,852 Corporate guarantees given to banks for credit facilities granted to subsidiaries - - 7,741,467 8,488,436