NOTES TO FINANCIAL STATEMENTS
/
31 DECEMBER 2015
GEO
ENERGY
RESOURCES
109
33
OPERATING LEASE ARRANGEMENTS
The Group as lessee
Group
2015
2014
h^Ψ
h^Ψ
DŝŶŝŵƵŵ ůĞĂƐĞ ƉĂLJŵĞŶƚƐ ƵŶĚĞƌ ŽƉĞƌĂƟŶŐ ůĞĂƐĞƐ ƌĞĐŽŐŶŝƐĞĚ ĂƐ ĂŶ ĞdžƉĞŶƐĞ
ഩŝŶ ƚŚĞ ĮŶĂŶĐŝĂů LJĞĂƌ
ϲϬϳ͕ϱϮϭ
ϳϬϭ͕ϲϯϲ
ƚ ƚŚĞ ĞŶĚ ŽĨ ƚŚĞ ƌĞƉŽƌƟŶŐ ƉĞƌŝŽĚ͕ ƚŚĞ 'ƌŽƵƉ ĂŶĚ ŽŵƉĂŶLJ ŚĂǀĞ ŽƵƚƐƚĂŶĚŝŶŐ ĐŽŵŵŝƚŵĞŶƚƐ ƵŶĚĞƌ ŶŽŶͲĐĂŶĐĞůůĂďůĞ
ŽƉĞƌĂƟŶŐ ůĞĂƐĞ͕ ǁŚŝĐŚ ĨĂůů ĚƵĞ ĂƐ ĨŽůůŽǁƐ͗
Group
Company
2015
2014
2015
2014
h^Ψ
h^Ψ
h^Ψ
h^Ψ
tŝƚŚŝŶ ŽŶĞ LJĞĂƌ
ϯϲϲ͕ϰϳϴ
ϱϴϯ͕ϴϯϴ
ϯϱϳ͕ϬϭϮ
ϰϯϭ͕ϲϴϱ
/Ŷ ƚŚĞ ƐĞĐŽŶĚ ƚŽ ĮŌŚ LJĞĂƌ ŝŶĐůƵƐŝǀĞ
ϳϴϯ͕ϲϬϰ
ϭϴϯ͕ϯϵϵ
ϳϴϯ͕ϲϬϰ
179,869
Total
ϭ͕ϭϱϬ͕ϬϴϮ
ϳϲϳ͕Ϯϯϳ
1,140,616
ϲϭϭ͕ϱϱϰ
KƉĞƌĂƟŶŐ ůĞĂƐĞ ƉĂLJŵĞŶƚƐ ƌĞƉƌĞƐĞŶƚƐ ƌĞŶƚĂůƐ ƉĂLJĂďůĞ ďLJ ƚŚĞ 'ƌŽƵƉ ĨŽƌ ůĂŶĚƐ͕ ŽĸĐĞ ƉƌĞŵŝƐĞƐ ĂŶĚ ƐƚĂī
ĂĐĐŽŵŵŽĚĂƟŽŶƐ͕ ĂŶĚ ďLJ ƚŚĞ ŽŵƉĂŶLJ ĨŽƌ ŝƚƐ ŽĸĐĞ ƉƌĞŵŝƐĞ͘ dŚĞ ĂǀĞƌĂŐĞ ůĞĂƐĞ ƚĞƌŵ ŽĨ ƚŚĞ ŽĸĐĞ ƉƌĞŵŝƐĞƐ ĂŶĚ ƐƚĂī
ĂĐĐŽŵŵŽĚĂƟŽŶƐ ƌĂŶŐĞ ĨƌŽŵ ŽŶĞ ƚŽ ƚŚƌĞĞ LJĞĂƌƐ ĂŶĚ ƌĞŶƚĂůƐ ĂƌĞ ĮdžĞĚ ƚŚƌŽƵŐŚŽƵƚ ƚŚĞ ůĞĂƐĞ ƚĞƌŵ͘
&Žƌ ƚŚĞ ůĞĂƐĞƐ ŽĨ ůĂŶĚ ƉƌŝŽƌ ƚŽ ϯϭ ĞĐĞŵďĞƌ ϮϬϭϮ͕ ƚŚĞƌĞ ĂƌĞ ĐĞƌƚĂŝŶ ĚŝƐĐƌĞƉĂŶĐŝĞƐ ƌĞůĂƟŶŐ ƚŽ ƚŚĞ ĞdžĞĐƵƟŽŶ ŽĨ ƚŚĞ
ůĂŶĚ ůĞĂƐĞ ĂŐƌĞĞŵĞŶƚƐ͘ ^ŽŵĞ ůĂŶĚ ůĞĂƐĞ ĂŐƌĞĞŵĞŶƚƐ ǁĞƌĞ ŶŽƚ ĞdžĞĐƵƚĞĚ ďLJ ƚŚĞ ƌĞŐŝƐƚĞƌĞĚ ŽǁŶĞƌƐ ŽĨ ƚŚĞ ůĂŶĚ͕ ĐĞƌƚĂŝŶ
payments were not made to the registered owners and some of the registered owners are deceased. As a result,
ƚŚĞƌĞ ŵĂLJ ďĞ ĐĂƵƐĞƐ ŽĨ ĂĐƟŽŶ ĐŚĂůůĞŶŐŝŶŐ ƚŚĞ ǀĂůŝĚŝƚLJ ŽĨ ƚŚĞ ůĞĂƐĞƐ ǁŚŝĐŚ ŵĂLJ ƌĞƋƵŝƌĞ ŵŽŶĞƚĂƌLJ ĐŽŵƉĞŶƐĂƟŽŶ͘ /Ŷ
ůŝŐŚƚ ŽĨ ƚŚĞƐĞ ĚŝƐĐƌĞƉĂŶĐŝĞƐ͕ Ă ƐŚĂƌĞŚŽůĚĞƌ ŽĨ ƚŚĞ ŽŵƉĂŶLJ͕ DĂƐƚĞƌ ZĞƐŽƵƌĐĞƐ /ŶƚĞƌŶĂƟŽŶĂů >ŝŵŝƚĞĚ͕ ŚĂƐ ƉƌŽǀŝĚĞĚ Ă
ďůĂŶŬĞƚ ŝŶĚĞŵŶŝĮĐĂƟŽŶ ƚŽ Ă ƐƵďƐŝĚŝĂƌLJ ŝŶ ƚŚĞ 'ƌŽƵƉ ĂŐĂŝŶƐƚ ĂŶLJ ĐůĂŝŵƐ͕ ůŽƐƐĞƐ Žƌ ĚĂŵĂŐĞƐ ƐƵīĞƌĞĚ ŝŶ ƌĞůĂƟŽŶ ƚŽ ĂŶLJ
ĐĂƵƐĞƐ ŽĨ ĂĐƟŽŶ ĂƌŝƐŝŶŐ ĨƌŽŵ ƚŚĞ ĞdžĞĐƵƟŽŶ ŽĨ ƚŚĞ ůĂŶĚ ůĞĂƐĞ ĂŐƌĞĞŵĞŶƚƐ͘
&Žƌ ƚŚĞ ůĞĂƐĞ ŽĨ ŽĸĐĞ ƉƌĞŵŝƐĞ͕ ƚŚĞ ŽŵƉĂŶLJ ƐƵďůĞƚ ƚŽ Ă ƐƵďƐŝĚŝĂƌLJ ĨŽƌ ϯϱ ŵŽŶƚŚƐ ĂŶĚ ƌĞŶƚĂů ŝƐ ĮdžĞĚ ƚŚƌŽƵŐŚŽƵƚ ƚŚĞ
ƐƵďůĞĂƐĞ ƚĞƌŵ͘ dŚĞ ŽŵƉĂŶLJ ĞdžƉĞĐƚ ƚŽ ƌĞĐĞŝǀĞ ĨƵƚƵƌĞ ŵŝŶŝŵƵŵ ƐƵďůĞĂƐĞ ƉĂLJŵĞŶƚƐ ƵŶĚĞƌ ŶŽŶͲĐĂŶĐĞůůĂďůĞ ƐƵďůĞĂƐĞ
ŽĨ h^ΨϮϰ͕ϰϮϮ ;ϮϬϭϰ ͗ h^Ψϴϴ͕ϵϳϭͿ͘
The Group as lessor
dŚĞ ŽŵƉĂŶLJ ůĞĂƐĞƐ ŽƵƚ ŝƚƐ ŝŶǀĞƐƚŵĞŶƚ ƉƌŽƉĞƌƚLJ͘ ƚ ƚŚĞ ĞŶĚ ŽĨ ƚŚĞ ƌĞƉŽƌƟŶŐ ƉĞƌŝŽĚ͕ ƚŚĞ 'ƌŽƵƉ ĂŶĚ ŽŵƉĂŶLJ ŚĂƐ
ĐŽŶƚƌĂĐƚĞĚ ǁŝƚŚ ƚĞŶĂŶƚ ĨŽƌ ƚŚĞ ĨŽůůŽǁŝŶŐ ĨƵƚƵƌĞ ŵŝŶŝŵƵŵ ůĞĂƐĞ ƉĂLJŵĞŶƚƐ͗
Group and Company
2015
2014
h^Ψ
h^Ψ
tŝƚŚŝŶ ŽŶĞ LJĞĂƌ
91,098
ϭϯϬ͕ϭϰϵ
/Ŷ ƚŚĞ ƐĞĐŽŶĚ ƚŽ ĮŌŚ LJĞĂƌ ŝŶĐůƵƐŝǀĞ
–
97,612
Total
91,098
227,761
