Significant non-cash transactions There were the following significant non-cash transactions during the year: 2024 • Dividends amounting to $596,000 were paid by a subsidiary to its non-controlling interests in the form of additional shares in that subsidiary. • Management fee income of $11,255,000 was received and receivable by the Group in the form of units in an associate. • During the year, in connection with the acquisition of remaining 35% equity stake in Shenzhen Longgang District Science and Technology Development Park Co., Ltd (“Shenzhen Longgang”) that the Group does not own from the non-controlling interest, the Group entered into an agreement with the non-controlling interest to transfer certain office units in Hong Leong Technology Park to them as a settlement of $124,623,000 (RMB668.2 million) for the amounts owing to the non-controlling interest. 2023 • Dividends amounting to $1,263,000 were paid by a subsidiary to its non-controlling interests in the form of additional shares in that subsidiary. • Management fee income of $11,063,000 was received and receivable by the Group in the form of units in an associate. CONSOLIDATED STATEMENT OF CASH FLOWS Year ended 31 December 2024 FINANCIALS CITY DEVELOPMENTS LIMITED 100
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