NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 42 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 2022 Other material non-cash items (cont’d) Investments in associates and joint ventures 792,971 568,531 598,566 1,960,068 386,669 2,346,737 Other segment assets 8,906,928 5,062,464 5,704,233 19,673,625 909,165 20,582,790 Reportable segment assets 9,699,899 5,630,995 6,302,799 21,633,693 1,295,834 22,929,527 Deferred tax assets 47,468 Tax recoverable 4,048 Total assets 22,981,043 Reportable segment liabilities 5,844,929 3,412,622 3,125,032 12,382,583 343,617 12,726,200 Deferred tax liabilities 350,253 Provision for taxation 339,768 Total liabilities 13,416,221 Additions to non-current assets** 6,351 662,054 935,752 1,604,157 98,413 1,702,570 ** 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 2023 Revenue 2,803,632 496,561 561,612 158,529 920,787 4,941,121 Non-current assets# 3,521,350 1,505,105 3,274,342 1,808,548 2,899,531 13,008,876 Reportable segment assets 10,632,589 1,834,639 4,694,690 3,173,649 3,849,962 24,185,529 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 # Include property, plant and equipment, investment properties, investments in associates and joint ventures, prepayments (non-current portion) and intangible assets. 43 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 2023 2022 % % Direct/Indirect subsidiaries of the Company (8) 58 High Street Pty Ltd Trustee Australia 100 85 (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 (8) Atlasgate UK Properties Limited Property owner United Kingdom 100 100 (8) Beaumont Properties Limited Property owner and developer Jersey 100 100 (8) Canterbury Riverside Propco Limited Property owner United Kingdom 100 100 (8) Canterbury Riverside Opco Limited Operating company United Kingdom 100 100 (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 (2) CBM (Taiwan) Co., Ltd. Carpark management services Taiwan 100 100 (2) CDL China Limited Investment holding Hong Kong 100 100 FINANCIALS FINANCIALS ANNUAL REPORT 2023 CITY DEVELOPMENTS LIMITED 255 254
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