The Group’s borrowings are principally denominated in Hong Kong dollars, Renminbi and US dollars. Outstanding borrowings at 30th June 2023 and 31st December 2022 were as follows: 30th June 31st December 2023 2022 HK$M HK$M Borrowings included in non-current liabilities Bank borrowings 15,122 7,311 Bonds 17,686 14,824 Borrowings included in current liabilities Bank borrowings – 500 Bonds 300 200 Total borrowings 33,108 22,835 Lease liabilities Included in non-current liabilities 576 535 Included in current liabilities 77 79 Less: short-term deposits and bank balances 4,247 4,502 Net debt 29,514 18,947 Sources of Finance Financial Information Reviewed by Auditors At 30th June 2023, committed loan facilities and debt securities amounted to HK$41,525 million, of which HK$8,250 million (20%) remained undrawn. In addition, the Group had undrawn uncommitted facilities totalling HK$400 million. Sources of funds at 30th June 2023 comprised: Undrawn Undrawn Expiring Within Expiring After Available Drawn One Year One Year HK$M HK$M HK$M HK$M Facilities from third parties Term loans 8,251 7,751 – 500 Revolving loans 15,242 7,492 – 7,750 Bonds 18,032 18,032 – – Total committed facilities 41,525 33,275 – 8,250 Uncommitted facilities Bank loans and overdrafts 400 – 400 – Total 41,925 33,275 400 8,250 Note: The figures above are stated before unamortised loan fees of HK$167 million. 47