Notes to the Condensed Interim Financial Statements 28. Capital Commitments 30th June 31st December 2023 2022 HK$M HK$M The Group’s outstanding capital commitments at the end of the period in respect of: Property, plant and equipment Contracted but not provided for 13 12 Authorised by Directors but not contracted for 459 491 Investment properties Contracted but not provided for 1,464 2,986 Authorised by Directors but not contracted for 16,091 17,028 18,027 20,517 The Group’s share of capital commitments of joint venture companies at the end of the period* Contracted but not provided for 545 393 Authorised by Directors but not contracted for 6,303 7,044 6,848 7,437 * of which the Group is committed to funding HK$982 million (31st December 2022: HK$331 million). At 30th June 2023, the Group was committed to inject capital of HK$405 million (31st December 2022: HK$421 million) into joint venture companies. 29. Contingencies Guarantees outstanding at the end of the period in respect of bank loans and other liabilities of joint venture companies totalled HK$3,848 million (31st December 2022: HK$4,181 million). Bank guarantees given in lieu of utility deposits and other liabilities totalled HK$73 million at the end of the period (31st December 2022: HK$73 million). 30. Related Party Transactions There is an agreement for services (“Services Agreement”), in respect of which John Swire & Sons (H.K.) Limited (“JS&SHK”), an intermediate holding company, provides services to various companies in the Group and under which costs are reimbursed and fees payable. In return for these services, JS&SHK receives annual fees calculated as 2.5% of the Group’s relevant consolidated profit before taxation and non-controlling interests after certain adjustments. The Services Agreement was renewed on 1st October 2022 for three years expiring on 31st December 2025. For the six months ended 30th June 2023, service fees payable amounted to HK$106 million (30th June 2022: HK$107 million). Expenses of HK$66 million (30th June 2022: HK$51 million) were reimbursed at cost; in addition, HK$49 million (30th June 2022: HK$43 million) in respect of shared administrative services was reimbursed. 76 Swire Properties Limited Interim Report 2023