36. TRADE AND OTHER PAYABLES (CONTD.) (e) Deferred consideration payable Group 2024 RM’000 2023 RM’000 At 1 January – – Acquisition of Kaizen Group (Note 44(a)) 11,497 – Accretion of interest on deferred consideration payable 1,346 – Foreign exchange differences (614) – At 31 December 12,229 – Deferred consideration payable as at reporting date arose from the acquisition of Kaizen Group during the financial year, which is contingent on certain future performance criteria being met. 37. CAPITAL COMMITMENTS Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Capital expenditure Approved and contracted for purchase of: – intangible assets 1,019 2,155 – – – property, plant and equipment 12,417 14,219 – – Approved but not contracted for purchase of : – intangible assets 5,111 20,550 – – – property, plant and equipment 53,200 78,554 – – 38. PERFORMANCE BONDS AND GUARANTEES Group 2024 RM’000 2023 RM’000 Secured: Performance bond extended to Government of Malaysia in respect of security for the due performance of the Hospital Support Services Concession Agreement 24,991 24,634 Bank guarantee issued to authorities 1,351 3,691 Bank guarantees and performance bonds issued to others 96,190 153,337 Corporate guarantee for banking facilities utilised by fellow subsidiaries 399,392 448,766 521,924 630,428 Unsecured: Bank guarantees extended to third parties – trade related 16,218 19,803 As at the reporting date, no values are ascribed on these guarantees provided by the Group for the purpose described above as the directors regard the value of the credit enhancement provided by these guarantees as minimal and the probability of default, based on historical track records of the parties receiving the guarantees are not probable. Notes to the Financial Statements For the year ended 31 December 2024 353 FINANCIAL STATEMENTS
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