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Notes to the Consolidated Financial Statements31 December 2024216ADVANCING AHEAD32.DISPOSAL GROUP HELD FOR SALE (continued)ARA US Hospitality Trust (%u201cUSHT%u201d)On27May2024,thesubsidiariesoftheGroupenteredintoSharePurchaseAgreementstosell100%ofthetotalnumber of issued shares in ARA Trust Management (USH) Pte Ltd and ARA Business Trust Management (USH) Pte Ltd.ARA Real Estate Investors 23 Pte. Ltd. (%u201cARA RE23%u201d) entered into a sale and purchase agreement to sell 110,200,640 stapled securities of ARA US Hospitality Trust (%u201cARA H-Trust%u201d and the stapled securities of ARA H-Trust, the %u201cStapled Securities%u201d), representing approximately 19.0% of the total number of Stapled Securities in issue on 27May2024.Thetransactionswerecompletedon9July2024.US$%u2019000Net assets disposed of:Investments in joint ventures and associates42,166Cash and bank balances3,067Other assets951Other liabilities(838)45,346Loss on disposal of assets held for sale(398)44,948Satisfied by:Cash44,948An analysis of the net cash and cash equivalents in respect of the disposal of assets held for sale is as follows:US$%u2019000Cash consideration44,948Cash and bank balances disposed of(3,067)Net inflow of cash and cash equivalents included in cash flows related to investing activities41,881In accordance with IFRS 5, the assets and liabilities classified as held for sale were written down to their fair value lesscoststosell,resultinginanimpairmentlossonassetsheldforsaleamountingtoUS$97,411,000,whichwasincluded in the consolidated statement of profit or loss for the year ended 31 December 2024. The impairment loss on assets held for sale is included in Administrative Expenses.