ESR Group AR2023 eBook EN

186 Notes to the Consolidated Financial Statements 31 December 2023 18. INVESTMENT PROPERTIES Completed investment properties Investment properties under construction Total US$’000 US$’000 US$’000 At 1 January 2022 2,197,783 1,506,460 3,704,243 Additions 119,405 784,188 903,593 Acquisition of subsidiaries 198,979 134,746 333,725 Changes in fair values of investment properties 63,167 132,264 195,431 Transfer from investment properties under construction to completed investment properties 148,906 (148,906) — Transfer from completed investment properties to investment properties under construction for redevelopment (65,659) 65,659 — Reclassification to assets of a disposal group held for sale (288,883) (4,005) (292,888) Disposals (117,089) (146,750) (263,839) Disposal of subsidiaries (831,380) (97,971) (929,351) Exchange realignment (165,110) (163,572) (328,682) At 31 December 2022 and 1 January 2023 1,260,119 2,062,113 3,322,232 Additions 2,686 317,391 320,077 Changes in fair values of investment properties (1,787) 189,509 187,722 Transfer from investment properties under construction to completed investment properties 870,080 (870,080) — Reclassification to assets of a disposal group held for sale — (3,233) (3,233) Disposals — (42,836) (42,836) Disposal of subsidiaries (note 36) (134,042) (332,826) (466,868) Exchange realignment (34,236) (81,486) (115,722) At 31 December 2023 1,962,820 1,238,552 3,201,372 For the year ended 31 December 2023 US$’000 Statement of profit or loss and other comprehensive income Rental income from investment property 71,992 Direct operating expenses arising from — investment properties generating rental income 16,222 — investment properties not generating rental income 3,608 STRENGTH IN UNITY

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