Maxis Berhad | Annual Report 2012

Maxis Berhad // Annual Report 2012 181 FINANCIAL STATEMENTS CORPORATE GOVERNANCE ANALYSIS OF SHAREHOLDINGS OTHER INFORMATION ANNUAL GENERAL MEETING 35 OPERATING LEASE COMMITMENTS Generally, the Group leases certain network infrastructure, offices and customer service centres under operating leases. The leases run for a period of 2 to 15 years (2011: 2 to 15 years). Certain operating leases contain renewal options with market review clauses. The Group does not have the option to purchase the leased assets at the expiry of the lease period. The future minimum lease payments under non-cancellable operating leases are as follows: Group 2012 2011 RM’000 RM’000 Not later than one year 147,576 160,788 Later than one year but not later than five years 374,186 419,541 Later than five years 66,091 111,216 587,853 691,545 Included in the future minimum lease payments are lease commitments for network infrastructure which are subject to variation based on the number of co-sharing parties for each individual site. 36 RELATED PARTIES In addition to related party disclosures mentioned elsewhere in the financial statements, set out below are other significant transactions, balances and commitments. The related party transactions described below were carried out on agreed terms with the related parties. None of these balances are secured. Group Total balance outstanding, Transaction Balance including value outstanding Commitments commitments 2012 2011 2012 2011 2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 Sales of goods and services to: - MEASAT Broadcast Network Systems Sdn. Bhd. (1) (VSAT, telephony and international bandwidth services) 38,134 37,279 503 6,447 – – 503 6,447 - Saudi Telecom Company (“STC”) (2) (roaming and international calls) 11,135 14,035 4,517 2,312 – – 4,517 2,312 - Aircel Limited Group (3) (interconnect, roaming and international calls) 6,372 13,779 1,670 17 – – 1,670 17