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Download - Axiata Group Berhad - Investor Relations

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35. CONTINGENCIES AND COMMITMENTS(a)Capital commitments<strong>Group</strong>2009 2008RM’000 RM’000Property, plant and equipmentCommitments in respect of expenditure approved and contracted for 843,073 1,001,228Commitments in respect of expenditure approved but not contracted for 800,184 995,8231,643,257 1,997,051(b)Other commitments(i) On 21 April 2006, a Deed of Undertaking was signed between Spice, TM, the Company and DBS Bank Ltd inconnection with the provision of limited sponsor support for an Indian Rupee equivalent of USD215.0 millionfacility (INR facility) and a USD50.0 million facility (USD facility) granted to Spice.The INR facility was repaid on 4 June 2008. As at 31 December 2009, the USD facility is still available,therefore the Deed of Undertaking remains effective. The Deed of Undertaking obliges the Company asSponsor to provide funding to Spice should Spice default on its payment obligations to DBS Bank under theUSD facility. This funding can take the form of either an equity injection, subscription of preference shares orto refinance the DBS facility.(ii)In 1999, XL entered into an office rental agreement denominated in Rupiah with PT Caraka Citra Sekar Lestari(third party) for a term of ten (10) years. On 23 March 2007, XL amended the office rental agreement until31 October 2020, with a total commitment as follows: 31 December 2009RM’000IDR’ million equivalent*Payable within one (1) year 18,850 6,786Payable within two (2) years and five (5) years 98,683 35,526Payable more than five (5) years 93,139 33,530Total 210,672 75,842* based on closing rate<strong>Axiata</strong> <strong>Group</strong> <strong>Berhad</strong> • 252

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