Page 190 - S P Setia Annual Report 2016
P. 190

188   S P Setia Berhad Group
                Annual Report 2016




          Notes To The Financial Statements

          For The Financial Year Ended 31 December 2016

          38.  COMMITMENTS (CONT’D.)
              (b)   Other commitments


                                                                                                     Group
                                                                                                  2016          2015
                                                                                                RM’000        RM’000
                   Commitments to purchase development land
                   -  Contracted
                     -  Seberang Perai Utara, Pulau Pinang                                      558,110            -
                     -  308-326 Exhibition Street, Melbourne, Australia                        294,425             -
                   Contractual commitment for construction of investment properties            306,692        496,898
                   Commitment to acquire property, plant and equipment - approved and contracted  2,238          192
                   Contractual commitments in relation to Development Agreement                      -        100,000
                                                                                              1,161,465       597,090



         39.   CONTINGENT LIABILITIES (UNSECURED)

                                                                                                   Company
                                                                                                  2016          2015
                                                                                                RM’000        RM’000

               Guarantees given to banks to secure banking facilities granted to subsidiary companies   3,343,809  3,526,639
               Guarantees given to banks for performance bonds granted to subsidiary companies   97,411        19,002
               Guarantees given to the suppliers of goods for credit terms granted to subsidiary companies  3,341  641
                                                                                              3,444,561     3,546,282
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