the financial year ended 31 December 2023 amounting to a total of RM1,620.5 million. The dividends will be paid on 18 April 2024. 41 COMMITMENTS (a) Capital commitments for 5 years Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Authorised capital expenditure not provided in the financial statements: PPE - Contracted 741.5 604.1 576.4 289.9 - Not contracted 99,054.3 57,417.0 69,942.5 40,273.6 99,795.8 58,021.1 70,518.9 40,563.5 NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 297 41 COMMITMENTS (CONTINUED) (b) Operating lease commitments - as lessor The Group and the Company lease out its PPE under non-cancellable operating leases. The lessees are required to pay absolute fixed lease payments during the lease period. T otal future minimum lease receivables under non-cancellable operating leases contractedfor at the reporting date but not recognised as receivables, are as follows: Group Company 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Receivable not later than 1 year 25.8 23.6 83.2 63.6 Receivable later than 1 year and not later than 2 years 2.8 1.1 59.4 16.5 Receivable later than 2 years and not later than 3 years 1.0 0.4 42.6 15.0 Receivable later than 3 years and not later than 4 years 0.1 0.4 19.9 15.0 Receivable later than 4 years and not later than 5 years 0.0 0.4 18.4 14.9 Receivable more than 5 years 0.5 2.5 47.1 51.9 30.2 28.4 270.6 176.9 42 CONTINGENT LIABILITIES AND MATERIAL LITIGATIONS Accounting Policy The Group and the Company do not recognise contingent assets and liabilities other than those arising from business combinations, but disclose its existence in the financial statements. A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the Group and of the Company or a present obligation that is not recognised because it is not probable that an outflow of resources