NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2024 37 COMMITMENTS AND CONTINGENT LIABILITIES (i) Commitments The Group and the Company have the following commitments as at the reporting date: Group Company 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Development expenditure contracted but not provided for in the financial statements 838,502 743,324 – – Capital expenditure contracted but not provided for in the financial statements 1,027,092 608,868 – – Commitments in respect of purchase of properties for which deposits have been paid 773,771 121,780 – – Commitments in respect of investments in a joint venture and associates 82,545 95,810 – – Commitments in respect of capital contribution to investments in financial assets in: – related parties 16,567 21,758 – – – third parties 11,932 16,628 – – (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. FINANCIALS CITY DEVELOPMENTS LIMITED 166
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