ESR AR 2019 EN

Notes to the Consolidated Financial Statements 31 December 2019 181 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ESR Annual Report 2019 15. INVESTMENTS IN JOINT VENTURES (continued) The following table illustrates the summarised financial information in respect of Sunwood Star adjusted for any differences in accounting policies and reconciled to the carrying amount in the financial statements: 2019 2018 USD’000 USD’000 Cash and bank balances 30,986 12,963 Other current assets 177,900 95,067 Current assets 208,886 108,030 Non-current assets 1,719,620 1,225,541 Financial liabilities, excluding trade and other payables (21,556) (684) Other current liabilities (3,361) (20,164) Current liabilities (24,917) (20,848) Non-current financial liabilities, excluding trade and other payables (375,015) (335,506) Other non-current liabilities (140,242) (93,100) Non-current liabilities (515,257) (428,606) Net assets 1,388,332 884,117 Proportion of the Group’s ownership 20.00% 20.00% Carrying amount of the investment 277,020 176,823 Revenue 36,685 – Interest income 6,263 (1) Interest expenses (12,814) (6,086) Tax (56,411) (46,157) Profit for the year 295,759 225,629 Total comprehensive income for the year 263,109 204,205 The following table illustrates the aggregate financial information of the Group’s joint ventures that are not individually material: 2019 2018 USD’000 USD’000 Share of the joint ventures’ profit for the year 14,064 – Share of the joint ventures’ total comprehensive (loss)/income for the year (2,641) 2,363 Aggregate carrying amount of the Group’s investments in the joint ventures 172,413 7,696