20. CAPITAL AND OTHER COMMITMENTS
(a) Capital commitments outstanding at 31 December 1988 not provided for in the accounts.
were as follows:
Contracted for
Authorised but not contracted for
Group and company
1988
HK$'000
1987
HK$'000
5,260
10,270
21,570
(b) At the year end the group had commitments under operating leases to make payments in
the next year in respect of land and buildings as follows:-
1988
HK$'000
1987
HK$'000
Leases expiring within 1 year
Leases expiring after 1 year but within 5 years
823 4,310
195
4,926
5,133
5,121
21. CONTINGENT LIABILITIES
The company has given guarantees to a bank to the extent of $12,000,000 (1987 $12,000,000) to secure banking facilities granted to subsidiaries.
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