2018 UEM Edgenta Annual Report

38. CAPITAL COMMITMENTS Group 2018 2017 RM’000 RM’000 Capital expenditure Approved and contracted for: Purchase of property, plant and equipment 47,383 75,302 Approved but not contracted for: Purchase of property, plant and equipment 162,511 44,177 39. PERFORMANCE BONDS AND GUARANTEES Group 2018 2017 RM’000 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 dated 28 October 1996 (Note 29(d)) 17,000 16,334 Performance bond to Western Region Municipality of Abu Dhabi for Facilities Management Services in Abu Dhabi 11,079 10,859 Bank guarantee issued to authorities 3,067 1,692 Bank guarantees and performance bonds issued to others 29,827 33,752 60,973 62,637 Unsecured: Bank guarantees extended to third parties - trade related 61,027 61,802 Performance bond extended to third parties - trade related 23,504 25,495 Retention guarantee extended to third parties - trade related 11,752 8,940 96,283 96,237 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. Financial Review Stakeholder Information AGM Information 231 Governance Review of Sustainability Activities