The Group’s borrowings are principally denominated in Hong Kong dollars, Renminbi and United States dollars. Outstanding borrowings at 30th June 2024 and 31st December 2023 were as follows: 30th June 31st December 2024 2023 HK$M HK$M Borrowings included in non-current liabilities Bank borrowings 13,160 13,159 Bonds 21,243 20,447 Borrowings included in current liabilities Bank borrowings 6,630 6,463 Bonds 1,722 1,100 Total borrowings 42,755 41,169 Lease liabilities Included in non-current liabilities 484 527 Included in current liabilities 85 80 Less: short-term deposits and bank balances 5,528 5,097 Net debt 37,796 36,679 Sources of Finance Financial Information Reviewed by Auditors At 30th June 2024, committed loan facilities and debt securities amounted to HK$55,307 million, of which HK$12,400 million (22%) remained undrawn. In addition, the Group had undrawn uncommitted facilities totalling HK$400 million. Sources of funds at 30th June 2024 comprised: Undrawn Undrawn Expiring Within Expiring After Available Drawn One Year One Year HK$M HK$M HK$M HK$M Facilities from third parties Term loans 14,557 14,557 – – Revolving loans 17,740 5,340 – 12,400 Bonds 23,010 23,010 – – Total committed facilities 55,307 42,907 – 12,400 Uncommitted facilities Bank loans and overdrafts 400 – 400 – Total 55,707 42,907 400 12,400 Note: The figures above are stated before unamortised loan fees of HK$152 million. 49