NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2021 35. CONTINGENT LIABILITIES As at 31 December 2021 and 2020, neither the Group nor the Company had any significant contingent liabilities. 36. PLEDGE OF ASSETS Details of the Group’s interest-bearing bank and other borrowings, which are secured by the assets of the Group, are included in note 25 to the financial statements. 37. COMMITMENTS (a) Operating lease commitments As lessor The Group leases out its completed investment properties under operating lease arrangements on terms ranging from one to ten years and with an option for renewal after the expiry dates, at which time all terms will be renegotiated. At 31 December 2021 and 2020, the Group had total future minimum leases receivable under non-cancellable operating leases with its tenants falling due as stated in note 18. (b) Capital commitments As at 31 December As at 31 December 2021 2020 US$’000 US$’000 Contracted, but not provided for investment properties 584,628 315,442 Undrawn capital calls to real estate investment funds 1,187,297 1,037,489 1,771,925 1,352,931 R E A C H I N G N E W H E I G H T S 218
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