PRG Holdings Berhad Annual Report 2018

22. COMMITMENTS (a) Operating lease commitment Non-cancellable operating lease rental are as follows: Group 2018 2017 RM’000 RM’000 Not later than one (1) year 2,221 474 Later than one (1) year but not later than five (5) years 19,617 1,258 Later than five (5) years 7,296 6,250 29,134 7,982 The Group’s operating lease commitments comprise the followings: (i) rental of three parcels of land under operating leases to industrial zone owners in Vietnam. The leases will expire in year 2044 and year 2048, with an option to renew the lease at the end of the lease term; (ii) rental of a factory for a period of three years, with an option to renew the lease at the end of the lease term; and (iii) rental of shops for a period of five years, with an option to renew the lease at the end of the lease term. None of the leases included contingent rentals. (b) Capital commitment Group 2018 2017 RM’000 RM’000 Contracted but not provided for - Acquisition property, plant and equipment 1,707 - - Acquisition of agriculture lands 89,200 - - Acquisition of land for development - 3,453 - Proposed subscription of shares in Capital World Limited 13,298 - 104,205 3,453 2018 A N N U A L R E P O R T 142 notes to the financial statements 31 December 2018 (continued)