28. COMMITMENTS Capital commitment Group 2021 2020 RM’000 RM’000 Contracted but not provided for - Acquisition of property, plant and equipment 4,115 710 29. CONTINGENT LIABILITIES Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Corporate guarantees given to banks for credit facilities granted to subsidiaries - Unsecured (Note 24) - Limit of guarantee 64,637 64,637 - 186,150 - Amount utilised 18,996 21,822 - 21,822 Corporate guarantees given to third parties for credit limit granted to subsidiaries - Unsecured - Limit of guarantee 119,250 119,250 - 119,250 - Amount utilised 625 797 - 896 Corporate guarantee given to a bank for credit facilities granted to an associate - Unsecured - Limit of guarantee - 2,007 - - - Amount utilised - 319 - - The Directors are of the view that the chances of the banks and the third parties to call upon the corporate guarantees are remote. Accordingly, the fair values of the above corporate guarantees given to the subsidiaries for credit facilities are negligible. NOTES TO THE FINANCIAL STATEMENTS 163 P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 31 December 2021 (cont’d)
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