95 / 135
HALF-YEAR REPORT 2016
Notes to the Consolidated Financial Statements
For the six months ended 30 June 2016
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31 Contingent liabilities and commitments
(continued)
(f) Capital commitments
As at the balance sheet date, the Group had the following contracted capital commitments not
provided for in the Accounts:
30 June
2016
31 December
2015
HK$ million
HK$ million
Contracted for
21,363
30,888
As at 30 June 2016, the capital commitments of discontinued operations of HK$7,877 million were
included in the above table.
(g) Operating lease commitments
The Group leases certain properties and fixed assets under operating leases. As at the balance sheet
date, the Group’s future minimum lease payments under non-cancellable operating leases are as
follows:
30 June
2016
31 December
2015
HK$ million
HK$ million
Within 1 year
4,536
4,469
Between 1 and 2 years
3,746
3,794
Between 2 and 3 years
2,921
3,141
Over 3 years
9,069
10,429
20,272
21,833
As at 30 June 2016, the operating lease commitments of discontinued operations of HK$105 million
were included in the above table.
32 Financial risk management and fair values
Exposure to credit, liquidity, interest rate and currency risks arises in the normal course of the business
of the Group. The Group has established policies and procedures to identify and analyse these risks,
to set appropriate risk limits and controls, and to constantly monitor the risks and limits by means of
reliable and up-to-date management information systems. The Group regularly updates and enhances
its risk management policies and systems to reflect changes in markets, products and best practice risk
management processes. Internal auditors also perform regular audits to ensure compliance with policies
and procedures.