NOTES TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION For the six months ended 30 June 2022 21. CONTINGENT LIABILITIES As at 30 June 2022, neither the Group nor the Company had any significant contingent liabilities. 22. 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 30 June 2022 and 31 December 2021, the Group had total future minimum lease receivable under non-cancellable operating leases with its tenants falling due as stated in note 13. (b) Capital commitments 30 June 2022 31 December 2021 (Unaudited) (Audited) US$’000 US$’000 Contracted, but not provided for investment properties 396,877 584,628 Undrawn capital calls to real estate investment funds 1,316,179 1,187,297 1,713,056 1,771,925 R E A C H I N G N E W H E I G H T S 78
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