182 Notes to the Consolidated Financial Statements 31 December 2023 15. INVESTMENTS IN JOINT VENTURES AND ASSOCIATES (continued) The following table illustrates the summarised financial information in respect of material joint ventures and associates adjusted for any differences in accounting policies and reconciled to the carrying amount in the financial statements: e-Shang Star Sunwood Star ESR-GIC EMP Cromwell Property Group Kenedix, Inc BW US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 31 December 2023 Cash and bank balances 132,986 18,070 40,316 5,588 105,557 354,832 421,609 Other current assets 25,778 4,399 34,631 6,047 463,437 1,544,618 178,377 Current assets 158,764 22,469 74,947 11,635 568,994 1,899,450 599,986 Non-current assets 1,977,231 1,887,033 869,585 2,455,930 2,039,016 825,526 1,941,354 Financial liabilities, excluding trade and other payables — 80 14,826 523 211,318 171,163 27,978 Other current liabilities 253,173 5,968 44,846 18,107 233,918 68,677 82,852 Current liabilities 253,173 6,048 59,672 18,630 445,236 239,840 110,830 Non-current financial liabilities, excluding trade and other payables 481,205 203,313 288,377 1,247,506 873,622 1,467,382 835,371 Other non-current liabilities 243,110 8,303 61,884 — 11,571 51,306 174,168 Non-current liabilities 724,315 211,616 350,261 1,247,506 885,193 1,518,688 1,009,539 Net assets 1,158,507 1,691,838 534,599 1,201,429 1,277,581 966,448 1,420,971 Proportion of the Group’s ownership 25.6455% 20.00% 51.00% 20.00% 30.69% 30.00% 15.57% Group’s share of net assets of the joint ventures and associates, excluding goodwill 285,163 338,191 269,721 240,286 441,988 405,721 218,019 Goodwill on interests in joint ventures and associates — — — — — — 130,580 Carrying amount of the investment 285,163 338,191 269,721 240,286 441,988 405,721 348,599 Revenue 84,216 31,137 12,070 138,966 234,570 725,619 66,569 Interest income 633 2,050 — 1,111 — — 8,073 Interest expenses (38,337) (5,396) (10,407) (70,603) (58,261) (15,675) (81,155) Tax (2,229) 157,574 (9,099) — (3,853) (42,938) (51,917) Profit/(loss) for the year (21,930) 287,409 23,699 (100,628) (389,090) 81,421 140,492 Total comprehensive income/(loss) for the year (21,930) 271,364 23,699 (114,460) 23,849 90,511 140,492 Distribution during the year — — — 3,703 23,118 24,589 — STRENGTH IN UNITY
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