ENRA Group Berhad Annual Report 2019

127 ENRA GROUP BERHAD ∞ Annual Report 2019 page Notes to the Financial Statement 31 March 2019 37. COMMITMENTS (a) Operating lease commitments The Group as a lessor The Group has entered into a commercial lease on its leasing business on 6 July 2017. Future minimum rentals receivable under agreement at the reporting date are as follows: Group 2019 RM’000 2018 RM’000 Not later than one (1) year 33,309 - Later than one (1) year but not later than five (5) years 68,712 - 102,021 - (b) Capital commitments Group 2019 RM’000 2018 RM’000 Authorised and contracted for - Purchase of land - 6,813 Approved but not contracted for Purchase of property, plant and equipment 7,350 8,890 38. CONTINGENT LIABILITIES Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Unsecured Corporate guarantees given by the Company for credit facilities granted to the subsidiaries 20,493 29,993 20,493 29,993 Secured Bank guarantee given to customer in respect of contract in a subsidiary 2,443 2,317 - - Bank guarantee given to suppliers in respect of goods supplied to a subsidiary 17,071 1,872 - - 19,514 4,189 - - The Directors are of the opinion that the fair value of the corporate guarantees is negligible as the possibility of any outflow in settlement arising from the default of credit facilities is remote.