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108 <strong>The</strong> <strong>Link</strong> Real Estate Investment Trust <strong>Annual</strong> <strong>Report</strong> <strong>2007</strong><br />
Notes to the Consolidated Financial Statements<br />
23 Units in issue<br />
<strong>2007</strong> 2006<br />
Units at end of the year/period 2,137,454,000 2,137,454,000<br />
Traded market value of the units as at 31 March <strong>2007</strong> was HK$18.80 (2006: HK$16.80) per unit. Based on 2,137,454,000 units<br />
in issue as at 31 March <strong>2007</strong> (2006: 2,137,454,000 units), market capitalisation was HK$40,184 million (2006: HK$35,909<br />
million).<br />
24 Commitments<br />
(a)<br />
Capital commitments<br />
<strong>2007</strong> 2006<br />
HK$’M<br />
HK$’M<br />
Improvement projects to existing investment properties<br />
Authorised but not contracted for 752 84<br />
Contracted but not provided for 422 116<br />
1,174 200<br />
(b) Operating lease commitments<br />
At 31 March <strong>2007</strong>, the analysis of the Group’s aggregate future minimum lease rental payables under non-cancellable<br />
leases is as follows:<br />
<strong>2007</strong> 2006<br />
HK$’M<br />
HK$’M<br />
Within one year 2 4<br />
Between one andfi ve years – 2<br />
2 6
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