1988 — Page 29

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.

27

1

1

1

וי

1.

FLY