The Group’s borrowings are principally denominated in Hong Kong dollars and US dollars. Outstanding borrowings at 30th June 2022 and 31st December 2021 were as follows: 30th June 31st December 2022 2021 HK$M HK$M Borrowings included in non-current liabilities Bank borrowings – unsecured 3,146 588 Bonds – unsecured 14,868 15,013 Borrowings included in current liabilities Bank borrowings – unsecured 2,625 5,102 Bonds – unsecured 200 3,898 Total borrowings 20,839 24,601 Lease liabilities Included in non-current liabilities 522 517 Included in current liabilities 51 49 Less: short-term deposits and bank balances 5,913 14,833 Net debt 15,499 10,334 Sources of Finance Financial Information Reviewed by Auditors At 30th June 2022, committed loan facilities and debt securities amounted to HK$27,440 million, of which HK$6,500 million (24%) remained undrawn. In addition, the Group had undrawn uncommitted facilities totalling HK$400 million. Sources of funds at 30th June 2022 comprised: Undrawn Undrawn Expiring Within Expiring After Available Drawn One Year One Year HK$M HK$M HK$M HK$M Facilities from third parties Term loans 4,180 3,980 – 200 Revolving loans 8,150 1,850 1,850 4,450 Bonds 15,110 15,110 – – Total committed facilities 27,440 20,940 1,850 4,650 Uncommitted facilities Bank loans and overdrafts 400 – 400 – Total 27,840 20,940 2,250 4,650 Note: The figures above are stated before unamortised loan fees of HK$101 million. 45