Operating lease

On 01 July 2013 Zee limited acquired an industrial mixer for 4 years,under a non cancellable operating lease. The rent was agreed at 2.5 million per annum payable in advance,with 5% annual increase.
Due to change in production plan,the mixer became surplus on 31 December 2014 and was sub let on 01 January 2015 to S Enterprise for the period upto 30 June 2017.The rent was agreed at 2 million per annum payable in advance on 1 January each year.

REQUIRED:
Prepare accounting for year ended 30 June 2014 and 2015.