Capital Commitments (2021: HK$1,010 million). Outstanding capital Capital Expenditure and Commitments commitments at 31st December 2022 were HK$16,076 million (2021: HK$6,184 million), including the Group’s Capital expenditure in 2022 on Hong Kong investment share of the capital commitments of joint venture properties and hotels, including the Group’s share of the companies of HK$7,370 million (2021: HK$4,777 million). capital expenditure of joint venture companies, amounted The Group is committed to funding HK$331 million to HK$3,246 million (2021: HK$3,281 million). Outstanding (2021: HK$1,146 million) of the capital commitments of capital commitments at 31st December 2022 were joint venture companies. In addition to this, the Group was HK$11,878 million (2021: HK$14,500 million), including the committed to make a capital injection into a joint venture Group’s share of the capital commitments of joint venture company of HK$421 million (2021: nil). companies of HK$67 million (2021: HK$73 million). Capital expenditure in 2022 on investment properties and Capital expenditure in 2022 on Chinese Mainland hotels in the U.S.A. amounted to HK$19 million (2021: investment properties and hotels, including the Group’s HK$49 million). There were no outstanding capital share of the capital expenditure of joint venture commitments at 31st December 2022 and 2021. companies, amounted to HK$4,879 million Profile of Capital Commitments for Investment Properties and Hotels Commitments Total relating to joint venture (1) (2) Expenditure Forecast expenditure Commitments companies 2026 2022 2023 2024 2025 and later At 31st December 2022 At 31st December 2022 HK$M HK$M HK$M HK$M HK$M HK$M HK$M Hong Kong 3,246 2,654 953 1,563 6,708 11,878 67 Chinese Mainland 4,879 3,731 4,186 3,796 4,363 16,076 7,370 U.S.A. 19 – – – – – – Total 8,144 6,385 5,139 5,359 11,071 27,954 7,437 (1) The capital commitments represent the Group’s capital commitments of HK$20,517 million plus the Group’s share of the capital commitments of joint venture companies of HK$7,437 million. (2) The Group is committed to funding HK$331 million of the capital commitments of joint venture companies. 63 SWIRE PROPERTIES ANNUAL REPORT 2022