Integrated Annual Report 2023 2 3 4 5 6 7 8 9 1 357 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 37. CAPITAL COMMITMENTS Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Capital expenditure Approved and contracted for purchase of: - intangible assets 2,155 85 - - - property, plant and equipment 14,219 23,408 - 526 Approved but not contracted for purchase of : - intangible assets 20,550 19,935 - 5,770 - property, plant and equipment 78,554 72,878 - 1,558 38. PERFORMANCE BONDS AND GUARANTEES Group 2023 RM’000 2022 RM’000 Secured: Performance bond extended to Government of Malaysia in respect of security for the due performance of the Hospital Support Services Concession Agreement 24,634 19,655 Bank guarantee issued to authorities 3,691 6,067 Bank guarantees and performance bonds issued to others 153,337 143,349 Corporate guarantee for banking facilities utilised by fellow subsidiaries 448,766 422,902 630,428 591,973 Unsecured: Bank guarantees extended to third parties - trade related 25,870 25,320 As at the reporting date, no values are ascribed on these guarantees provided by the Group for the purpose described above as the directors regard the value of the credit enhancement provided by these guarantees as minimal and the probability of default, based on historical track records of the parties receiving the guarantees are not probable.
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