CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2021 FINANCIALS 110 111 Group Company Note 2021 2020 2021 2020 $’000 $’000 $’000 $’000 Non-current assets Property, plant and equipment 4 5,361,835 5,525,684 32,543 37,439 Investment properties 5 3,997,169 4,568,697 413,152 424,955 Investments in: – subsidiaries 7 – – 1,996,087 2,025,019 – associates 8 816,979 707,699 – – – joint ventures 9 1,037,046 1,085,288 37,360 37,360 Financial assets 10 740,686 736,119 351,438 348,510 Other non-current assets, including derivatives 11 182,557 241,186 6,205,239 6,518,288 12,136,272 12,864,673 9,035,819 9,391,571 Current assets Development properties 12 5,839,471 5,391,055 175,792 180,247 Contract costs 13 74,996 31,643 – – Contract assets 14 402,330 505,231 – – Consumable stocks 10,771 10,511 37 – Financial assets 10 26,848 20,048 – – Trade and other receivables, including derivatives 15 1,873,414 1,681,218 6,247,402 5,830,508 Cash and cash equivalents 17 2,083,165 3,126,529 686,322 1,288,914 10,310,995 10,766,235 7,109,553 7,299,669 Assets held for sale 6 1,445,759 45,884 – – 11,756,754 10,812,119 7,109,553 7,299,669 Total assets 23,893,026 23,676,792 16,145,372 16,691,240 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 The accompanying notes form an integral part of these financial statements. Group Company Note 2021 2020 2021 2020 $’000 $’000 $’000 $’000 Equity attributable to owners of the Company Share capital 18 1,991,397 1,991,397 1,991,397 1,991,397 Reserves 19 6,422,163 6,510,811 4,341,009 4,458,033 8,413,560 8,502,208 6,332,406 6,449,430 Non-controlling interests 918,469 740,249 – – Total equity 9,332,029 9,242,457 6,332,406 6,449,430 Non-current liabilities Interest-bearing borrowings 21 5,952,032 8,756,068 3,937,631 5,780,877 Employee benefits 25 24,637 30,997 – – Lease liabilities 26 246,003 237,854 9,600 14,152 Other liabilities, including derivatives 27 217,910 243,599 8,387 8,290 Provisions 28 22,129 24,554 – – Deferred tax liabilities 29 196,068 96,845 18,565 15,644 6,658,779 9,389,917 3,974,183 5,818,963 Current liabilities Trade and other payables, including derivatives 30 1,453,043 1,348,759 2,621,707 2,733,590 Contract liabilities 14 724,077 267,607 – – Interest-bearing borrowings 21 5,187,961 2,798,612 3,200,708 1,671,717 Lease liabilities 26 19,324 14,187 6,322 5,850 Employee benefits 25 33,576 32,044 2,960 1,616 Provision for taxation 362,960 276,164 7,086 10,074 Provisions 28 93,928 307,045 – – 7,874,869 5,044,418 5,838,783 4,422,847 Liabilities directly associated with the assets held for sale 6 27,349 – – – 7,902,218 5,044,418 5,838,783 4,422,847 Total liabilities 14,560,997 14,434,335 9,812,966 10,241,810 Total equity and liabilities 23,893,026 23,676,792 16,145,372 16,691,240 STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 The accompanying notes form an integral part of these financial statements.
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