NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2024 27 OTHER LIABILITIES Group Company Note 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Deferred income 39,441 45,569 – – Rental deposits 62,728 62,707 358 1,618 Amounts owing to a subsidiary 7 – – 645,000 – Non-current retention sums payable 30,027 26,045 – – Deferred consideration for land acquired 57,373 79,836 – – Miscellaneous (principally deposits received and payables) 17,014 16,147 – – 206,583 230,304 645,358 1,618 Included in deferred income are the following: (i) $4,780,000 (2023: $7,030,000) relating to the deferred gain on the sale of cash flows as disclosed in footnote (a) of note 44. (ii) $32,278,000 (2023: $35,986,000) relating to the deferred gain arising from the sale of Novotel Singapore Clarke Quay previously owned by CDLHT, to a joint venture. 28 PROVISIONS Beijing indemnity Capital expenditure Legal provisions Profit payment Interest support Korea provision Total $’000 $’000 $’000 $’000 $’000 $’000 $’000 Group At 1 January 2023 16,147 2,240 24,805 – 3,900 59,505 106,597 Provision made/ (written back) – 2,850 (2,537) – (3,900) – (3,587) Provision utilised – (919) (1,126) – – (58,207) (60,252) Translation differences on consolidation (265) (295) (628) – – (1,298) (2,486) At 31 December 2023 15,882 3,876 20,514 – – – 40,272 Non-current 15,882 Current 24,390 40,272 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 FINANCIALS CITY DEVELOPMENTS LIMITED 152
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