Entire Annual Report - Anglo American Platinum

Notes to theFinancial Statements" for the year ended 31 December (continued)GROUP2000 1999RmRm36. CommitmentsMining property, plant and equipmentContracted for 486,3 501,3Not yet contracted for 3 494,0 1 323,3Authorised by the directors 3 980,3 1 824,6Allocated for expansion of capacity 3 040,4 926,9– within one year 1 623,1 689,4– thereafter 1 417,3 237,5Maintenance of capacity 939,9 897,7– within one year 421,0 489,0– thereafter 518,9 408,7OtherOperating lease rentals – premises 54,4 63,4Due within one year 10,3 9,2Due within two to five years 44,1 49,2Thereafter — 5,0Information Technology Service Providers 259,5 366,9Due within one year 58,6 67,4Due within two to five years 156,4 217,6Thereafter 44,5 81,9These commitments will be funded from existing cash resources, borrowings and futurecash flows.37. Contingent liabilitiesGuarantees and suretyshipsLoans granted to employees in respect of housing loans 5,6 5,8Environmental obligations in respect of uncommissioned expansion projects 1,1 —The Company has issued a letter of comfort to First National Bank Limited in respectof the variable rate facility referred to in note 25. In addition, letters of comfort havebeen issued to financial institutions to cover certain banking facilities. There are noencumbrances of Group assets.Standard Corporate Merchant Bank holds a put option against the Group in respect ofand to the extent that finance was provided to Mvelaphanda Platinum (Proprietary)Limited (Mvela) for the acquisition of certain Northam Platinum Limited (Northam)shares. The Group holds a concomitant call option against Mvela. A potential liabilitymay arise in the event that Mvela fails to meet its contractual obligations and the shareprice of the underlying Northam shares, held as security by the Group, falls belowR4,79 per share.168