Gardens By the Bay 2019/2020

FINANCIAL STATEMENTS 130 NOTES TO FINANCIAL STATEMENTS 31 March 2020 20 TAX The Company is a registered Charity under the Charities Act, Chapter 37 and is exempt from income tax. 21 CAPITAL COMMITMENTS Capital expenditure contracted for at the end of the reporting period but not recognised in the financial statements is as follows: 2020 2019 $ $ Property, plant and equipment 22,164,601 8,557,564 22 OPERATING LEASE ARRANGEMENTS Disclosure required by FRS 116 The Company as lessee At 31 March 2020, the company is committed to $41,850 for short-term leases. The Company as lessor Operating leases, in which the Company is the lessor, relate to the properties owned by the Company with lease terms of between 1 to 3 years. All operating lease contracts contain market review clauses in the event that the lessee exercises its option to renew. The lessee does not have an option to purchase the property at the expiry of the lease period. 2020 $ Analysis of operating lease payments (excluding variable components): Within one year 2,651,886 In the second to third year inclusive 1,356,496 Total 4,008,382 The following table presents the amounts reported in statement of comprehensive income: 2020 $ Lease income on operating lease (including variable components) 4,825,398