NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2025 27 OTHER LIABILITIES Group Company Note 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Deferred income 39,479 39,441 – – Rental deposits 68,132 62,728 682 358 Amounts owing to a subsidiary 7 – – – 645,000 Non-current retention sums payable 60,107 30,027 – – Deferred consideration for land acquired 24,700 57,373 – – Amount owing to a non-controlling interest 361,472 – – – Miscellaneous (principally deposits received and payables) 15,556 17,014 – – 569,446 206,583 682 645,358 Included in deferred income are the following: (i) $3,823,000 (2024: $4,780,000) relating to the deferred gain on the sale of cash flows as disclosed in footnote (a) of note 44. (ii) $21,630,000 (2024: $32,278,000) relating to the deferred gain arising from the sale of Novotel Singapore Clarke Quay previously owned by CDLHT, to a joint venture. The amount owing to a non-controlling interest relates to advances granted by a non-controlling interest, who owns a 49% interest in mixed-use development site in Shanghai’s Xintiandi area, to fund the acquisition and development of the aforesaid land site. As at 31 December 2025, this amount, which is non-trade and unsecured, bears interest at 4.5% per annum and is repayable by 2030. 28 PROVISIONS Beijing indemnity Capital expenditure Legal provisions Profit payment Total $’000 $’000 $’000 $’000 $’000 Group At 1 January 2024 15,882 3,876 20,514 – 40,272 Provision (written back)/made (16,039) 2,736 4,454 11,954 3,105 Provision utilised – (2,714) (1,114) – (3,828) Translation differences on consolidation 157 32 (1,408) (37) (1,256) At 31 December 2024 – 3,930 22,446 11,917 38,293 Non-current 1,277 Current 37,016 38,293 At 1 January 2025 – 3,930 22,446 11,917 38,293 Provision made/(written back) – 1,105 (3,415) – (2,310) Provision utilised – (1,866) (17,374) (10,756) (29,996) Translation differences on consolidation – (50) (548) 138 (460) At 31 December 2025 – 3,119 1,109 1,299 5,527 Non-current 1,299 Current 4,228 5,527 ANNUAL REPORT 2025 | 175
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