NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2025 37 COMMITMENTS AND CONTINGENT LIABILITIES (i) Commitments The Group and the Company have the following commitments as at the reporting date: Group Company 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Development expenditure contracted but not provided for in the financial statements 1,267,688 838,502 – – Capital expenditure contracted but not provided for in the financial statements 611,778 1,027,092 – – Commitments in respect of purchase of properties for which deposits have been paid 3,675 773,771 – – Commitments in respect of investments in a joint venture and associates 57,682 82,545 – – Commitments in respect of capital contribution to investments in financial assets in: – related parties 46,024 16,567 – – – third parties 8,463 11,932 – – (ii) Contingent liabilities The Group has claims arising in the ordinary course of business which are being contested, the outcome of which are not presently determinable. At the reporting date, the Group has considered the probability of outflows of economic benefits pertaining to these claims to be remote. The Group continues to monitor the status of these claims. 188 | CITY DEVELOPMENTS LIMITED
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