NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 44 SIGNIFICANT INVESTMENTS IN SUBSIDIARIES The following are the Group’s significant investments in subsidiaries: Principal activity Principal place of business/ Country of incorporation Ownership interest 2022 2021 % % Direct/Indirect Subsidiaries of the Company (1) Allinvest Holding Pte Ltd Property owner and investment holding Singapore 100 100 (1) Adelanto Investments Pte. Ltd. Investment holding Singapore 100 100 (1) Aquarius Properties Pte. Ltd. Property owner and developer Singapore 80 80 (6) Atlasgate UK Properties Limited Property owner United Kingdom 100 – (7) Beaumont Properties Limited Property owner and developer Jersey 100 100 (1) Bloomsville Investments Pte Ltd Property owner, developer and investment holding Singapore – 100 (7) Busy Bee Ventures Limited Investment holding British Virgin Islands 100 100 (6) Canterbury Riverside Propco Limited Property owner United Kingdom 100 – (6) Canterbury Riverside Opco Limited Operating company United Kingdom 100 – (1) CBM Pte. Ltd. Provision of building maintenance, security, cleaning and related services to commercial and residential buildings Singapore 100 100 (1) CBM Parking Pte. Ltd. Provision of car park operation, management, civil, construction and electrical works related to parking systems and related services Singapore 100 100 (1) CBM International Pte. Ltd. Investment holding and provision of consultancy services Singapore 100 100 (1) CBM Security Pte. Ltd. Provision of security services, consultancy services related to security matters, supply of equipment, security escort services and facilities management services Singapore 100 100 (1) CBM Solutions Pte. Ltd. Provision of consultancy, facilities management and building construction services Singapore 100 100 43 OPERATING SEGMENTS (CONT’D) Information about reportable segments (cont’d) Property development Hotel operations Investment properties Total Others Total $’000 $’000 $’000 $’000 $’000 $’000 Restated* Restated* Restated* 2021 Investments in associates and joint ventures 702,285 410,195 316,654 1,429,134 424,891 1,854,025 Other segment assets 9,100,033 5,661,662 6,291,414 21,053,109 899,276 21,952,385 Reportable segment assets 9,802,318 6,071,857 6,608,068 22,482,243 1,324,167 23,806,410 Deferred tax assets 69,302 Tax recoverable 4,557 Total assets 23,880,269 Reportable segment liabilities 6,361,148 3,471,262 3,886,978 13,719,388 276,859 13,996,247 Deferred tax liabilities 196,068 Provision for taxation 368,682 Total liabilities 14,560,997 Additions to non-current assets** 11,138 121,016 638,016 770,170 97,762 867,932 ** Non-current assets include property, plant and equipment, investment properties, investments in associates and joint ventures, and intangible assets. Geographical segments Singapore United States United Kingdom China Other countries Total $’000 $’000 $’000 $’000 $’000 $’000 2022 Revenue 1,763,288 466,048 480,561 179,062 404,454 3,293,413 Non-current assets# 3,475,223 1,511,372 2,484,298 1,859,406 2,046,264 11,376,563 Reportable segment assets 11,221,486 1,759,335 3,338,901 3,261,454 3,348,351 22,929,527 Singapore United States United Kingdom China Other countries Total $’000 $’000 $’000 $’000 $’000 $’000 Restated* Restated* 2021 Revenue 1,363,442 261,888 276,008 330,573 393,942 2,625,853 Non-current assets# 3,901,080 1,511,311 2,419,442 1,995,527 2,373,507 12,200,867 Reportable segment assets 10,801,397 1,680,666 3,500,376 3,679,606 4,144,365 23,806,410 # Include property, plant and equipment, investment properties, investments in associates and joint ventures, prepayments (non-current portion) and intangible assets. * Refer to Note 47 CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2022 FINANCIALS 256 257
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