Positioning for the Future | 187
Appendix
Notes to the Financial Statements
Year ended 31 December 2014
31 NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS
(cont’d)
(d) Effects of disposals
The cash nows and net assets of subsidiaries disposed are provided below
The Group
Note
2014
$’000
2013
$’000
Restated
Property, plant and equipment
31
35,074
Investment properties
5
–
3,376,949
Associates and joint ventures
587
182,846
Deferred tax assets
–
36,718
Other non-current assets
–
124,793
Development properties for sale
–
1,370,778
Other current assets
801
312,493
Current liabilities
(3,895)
(227,767)
Bank borrowings
–
(1,719,943)
Deferred tax liabilities
–
(24,944)
Other non-current liabilities
–
(155,874)
Non-controlling interests
(613) (1,493,378)
Net (liabilities)/assets
(3,089)
1,817,745
Less
Equity interests retained as associates
–
(1,150,303)
Net (liabilities)/assets disposed
(3,089)
667,442
Realisation of reserves
(898)
121,295
Gain/(Loss) on disposal of subsidiaries
7,840
(24,864)
Sale consideration
3,853
763,873
Repayment of shareholders’ loans
–
57,590
Cash of subsidiaries disposed
(84)
(116,090)
Cash innow on disposal of subsidiaries
3,769
705,373
