My first Publication ocbc_ar17_fullreport_english | Page 268

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2017
48. MINIMUM LEASE RENTAL RECEIVABLE
The future minimum lease rental receivable under non-cancellable operating leases by remaining period to lease expiry is as follows:
GROUP
Within 1 year
After 1 year but within 5 years
Over 5 years
BANK
2017
$’000 2016
$’000 2017
$’000 2016
$’000
50,365
43,643
75
94,083 54,234
46,208
202
100,644 18,937
17,128
–
36,065 18,788
22,527
–
41,315
The Group leases retail, commercial and hotel space to third parties with varying terms including variable rent, escalation clauses and
renewal rights.
49. RELATED PARTY TRANSACTIONS
Loans and deposits transactions with related parties arise from the ordinary course of business and are not treated any differently from
loans and deposits transactions with other customers of the Group. Credit facilities granted are subject to the same credit evaluation,
approval, monitoring and reporting processes. All transactions with related parties are conducted on commercial terms.
49.1 
Related party balances at the balance sheet date and transactions during the financial year were as follows:
GROUP ($ million)
Associates
Directors
Key
management
Life
assurance
fund
(a) Loans, placements and other receivables
At 1 January 2017
Net change
At 31 December 2017 21
532
553 18
(7)
11 22
(#)
22 –
6
6
(b) Deposits, borrowings and other payables
At 1 January 2017
Net change
At 31 December 2017 206
14
220 55
2
57 50
#
50 865
538
1,403
–
–
– 7
(3)
4 –
5
5 1
–
1
(d) Income statement transactions
Year ended 31 December 2017
Interest income
Interest expense
Rental income
Fee and commission and other income
Rental and other expenses 5
2
–
–
11 #
1
–
#
# #
#
–
2
# #
9
2
207
12
Year ended 31 December 2016
Interest income
Interest expense
Rental income
Fee and commission and other income
Rental and other expenses 1
2
–
–
4 #
1
–
1
1 #
#
–
#
# #
10
1
178
8
(c) Off-balance sheet credit facilities (1)
At 1 January 2017
Net change
At 31 December 2017
(1)

(2)
266
Off-balance sheet credit facilities refer to transaction-related and trade-related contingencies and commitments.
# represents amounts less than $0.5 million.
OCBC ANNUAL REPORT 2017