Annual Report 2020

160 Notes to the Financial Statements Annual Report 2020 Miramar Hotel and Investment Company, Limited 17 Trade and other payables, rental deposits received and contract liabilities (Continued) Included in trade and other payables are trade payables with the following ageing analysis, based on the invoice date, as at the end of the reporting period: 2020 2019 HK$’000 HK$’000 Due within 3 months or on demand 2,356 60,972 Due after 3 months but within 6 months 30,918 46,274 33,274 107,246 18 Lease liabilities The following table shows the remaining contractual maturities of the Group’s lease liabilities: 2020 2019 Present value of the minimum lease payments Total minimum lease payments Present value of the minimum lease payments Total minimum lease payments HK$’000 HK $’000 HK $’000 HK $’000 Within 1 year 42,788 44,402 61,537 64,562 After 1 year but within 2 years 23,835 24,619 42,503 44,146 After 2 years but within 5 years 20,541 20,923 45,669 46,884 44,376 45,542 88,172 91,030 87,164 89,944 149,709 155,592 Less: total future interest expenses (2,780) (5,883) Present value of lease liabilities 87,164 149,709