76 Mandarin Oriental International Limited
Notes to the Financial Statements Continued
27 Financial guarantee
Guarantee in respect of facilities made available to an associate
2010 US$m
2009 US$m
20.6
20.9
The guarantee in respect of facilities made available to an associate is stated at its contracted amount. The Directors are of the opinion that it is not probable that this guarantee will be called upon.
28 Commitments 2010 US$m
2009 US$m
Authorized not contracted
14.1
68.0
Contracted not provided
37.7
43.6
51.8
111.6
– due within one year
14.3
8.7
– due between one and two years
20.3
18.0
– due between two and three years
20.7
20.6
– due between three and four years
20.6
20.6
– due between four and five years
19.9
20.6
– due beyond five years
378.1
391.8
473.9
480.3
Capital commitments:
Operating lease commitments: Total commitments under operating leases
No future sublease payments are receivable relating to the above operating leases (2009: nil). Operating lease commitments principally include payments in respect of the Group’s hotel in Tokyo and the Group’s hotel in Paris which is under development. In addition, the Group has operating lease commitments with rentals determined in relation to sales. It is not possible to quantify accurately future rentals payable under such leases.