NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2025 17 AMOUNTS OWING BY AND TO FELLOW SUBSIDIARIES Group Company Note 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Amounts owing by fellow subsidiaries: – trade 124 7 – – – non-trade, interest free 1,000 1,000 – – 16 1,124 1,007 – – Amounts owing to fellow subsidiaries: – trade 17 9 6 – – non-trade, interest-free – 2,356 – – – non-trade, interest-bearing 12,518 13,769 – – 30 12,535 16,134 6 – The non-trade amounts owing to fellow subsidiaries are unsecured and repayable on demand. In respect of interest-bearing amounts owing to fellow subsidiaries, interest was charged at 2.00% (2024: 2.00%) per annum. 18 CASH AND CASH EQUIVALENTS Group Company Note 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Fixed deposits 1,144,802 1,764,738 361,634 366,157 Cash at banks and in hand 915,117 1,236,646 66,628 178,628 Cash and cash equivalents in the statements of financial position 2,059,919 3,001,384 428,262 544,785 Restricted deposits included in other noncurrent assets 12 69,929 84,162 Cash and cash equivalents included in assets held for sale 6 424 – 19 2,130,272 3,085,546 Restricted cash (118,081) (138,556) Bank overdrafts 21 (43,245) (277,338) Cash and cash equivalents in the consolidated statement of cash flows 1,968,946 2,669,652 As at 31 December 2025, cash and cash equivalents of $53,539,000 (2024: $349,592,000) of the Group were held under project accounts and withdrawals from these project accounts are restricted to payments for expenditure incurred on the Group’s development projects. Cash at banks and fixed deposits for the Group and Company bore interest at 0.01% to 4.50% (2024: 0.05% to 5.91%) and 1.00% to 1.44% (2024: 2.26% to 3.27%) per annum respectively, as at 31 December 2025. Group Note 2025 2024 $’000 $’000 Restricted cash: – Current 48,152 54,394 – Non-current 12 69,929 84,162 118,081 138,556 As at 31 December 2025 and 31 December 2024, restricted cash comprise mainly deposits pledged to financial institutions as collateral for credit facilities granted (see note 22). ANNUAL REPORT 2025 | 165
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