Annual Report 2020

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2020 126 The United Laboratories International Holdings Limited Annual Report 2020 35. DERIVATIVE FINANCIAL INSTRUMENT 2020 2019 RMB’000 RMB’000 Foreign currency swap contract – liability 4,573 – The Group’s derivative financial instrument represents a foreign currency swap contract for hedging a portion of its foreign exchange risk related to its bank borrowings denominated in foreign currencies. Major terms of the foreign currency swap contract are as follows: Notional amount Maturity Exchange rate Sell USD89,288,000 Buy HKD692,000,000 8 November 2022 USD1: HKD7.75 36. CAPITAL COMMITMENTS 2020 2019 RMB’000 RMB’000 Capital expenditure in respect of the acquisition of property, plant and equipment contracted for but not provided in the consolidated financial statements 354,725 369,170