ESR Group Limited Annual Report 2023 197 Notes to the Consolidated Financial Statements 31 December 2023 23. PREPAYMENTS, OTHER RECEIVABLES AND OTHER ASSETS As at 31 December 2023 As at 31 December 2022 US$’000 US$’000 Contract assets 16,768 3,275 Consideration receivable from disposal of subsidiaries 129,994 7,406 Deductible value-added tax 54,047 63,417 Deposits for acquisition 39,390 61,820 Dividend receivable 4,196 8,487 Due from joint ventures 6,423 3,778 Due from associates 2,705 327 Due from related parties (note 40(d)) 10,488 9,607 Due from non-controlling shareholders of subsidiaries 8,054 3,155 Investments in money market funds 3,485 — Loan receivables from third parties 81,431 64,223 Prepayments on behalf of funds 3,464 2,963 Prepayments to suppliers 15,181 13,419 Receivable from funds 132,539 116,409 Other receivables 57,093 56,472 565,258 414,758 Impairment (304) — 564,954 414,758 The amounts due from joint ventures and associates are unsecured, interest-free and payable on demand. As at 31 December 2023 and 2022, other receivables of the Group were considered to be of low credit risk and thus the Group has assessed that the ECL for other receivables was immaterial under the 12-month expected credit loss method. 24. CASH AND BANK BALANCES As at 31 December 2023 As at 31 December 2022 US$’000 US$’000 Cash and cash in bank 915,657 1,709,007 Non-pledged fixed time deposits with a maturity period over three months 3,850 — Restricted bank balances 81,429 95,878 Pledged bank deposits (note 25) 632 2,030 1,001,568 1,806,915 The Renminbi (“RMB”) is not freely convertible into other currencies, however, under China’s Foreign Exchange Control Regulations and Administration of Settlement, Sale and Payment of Foreign Exchange Regulations, the Group is permitted to exchange RMB for other currencies through banks authorised to conduct foreign exchange business. CORPORATE GOVERNANCE FINANCIAL STATEMENTS STRATEGIC REPORTS
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