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Annual Report 2014 | S P SETIA BERHAD GROUP | 195

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

42. COMMITMENTS (CONT’D)

(b) Other commitments

Group

2014

2013

RM’000

RM’000

Commitments to purchase development land

- Contracted

- Mukim 12, District of Barat Daya, Pulau Pinang

12,303

12,303

- Seksyen 4, Town of Jelutong, District of Timor Laut, Pulau Pinang

-

3,593

Contractual commitment for construction of investment properties

9,551

18,982

Commitment to acquire property, plant and equipment – approved and contracted

717

3,947

Contractual commitments in relation to Development Agreement

100,000

100,000

122,571

138,825

43. CONTINGENT LIABILITIES (unsecured)

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

Restated

Guarantees given to banks to secure banking facilities granted

to subsidiary companies

-

-

5,089,969

5,441,892

Guarantees given to banks for performance bonds granted to

subsidiary companies

-

-

141,859

27,173

Guarantees given to the suppliers of goods for credit terms

granted to subsidiary companies

-

-

319

1,734

-

-

5,232,147

5,470,799