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Notes to the Consolidated Financial Statements31 December 2024ESR Group Limited Annual Report 2024227STRATEGIC REPORTSCORPORATE GOVERNANCEFINANCIAL STATEMENTS36.CONTINGENT LIABILITIESAs at 31 December 2024 and 2023, neither the Group nor the Company had any significant contingent liabilities.37.PLEDGE OF ASSETSDetails of the Group%u2019s interest-bearing bank and other borrowings, which are secured by the assets of the Group, are included in note 25 to the financial statements.38.COMMITMENTS(a)Operating lease commitmentsAs lessorThe Group leases out its completed investment properties under operating lease arrangements on terms ranging from one to ten years and with an option for renewal after the expiry dates, at which time all terms will be renegotiated.At 31 December 2024 and 2023, the Group had total future minimum leases receivable under non-cancellable operating leases with its tenants falling due as stated in note 18.(b)Capital commitmentsAs at 31 DecemberAs at 31 December20242023US$%u2019000US$%u2019000Contracted, but not provided for investment properties122,873449,607Contracted, but not provided for plant and machinery1,8698,709Undrawn capital calls to real estate investment funds2,483,1831,675,2112,607,9252,133,527