ESR AR 2019 EN

Notes to the Consolidated Financial Statements 31 December 2019 200 Focused 29. DEFERRED TAX (continued) The movements in deferred tax liabilities during the years ended 31 December 2019 and 2018 are as follows: 2019 Fair value adjustments of investment properties Gain on fair value change of financial assets at fair value through profit or loss Fair value adjustments arising from acquisition of subsidiaries Unbilled revenue Others Total USD’000 USD’000 USD’000 USD’000 USD’000 USD’000 At 1 January 2019 164,768 5,590 20,821 770 – 191,949 Deferred tax charged/(credited) to the profit or loss during the year 44,476 2,310 (1,229) 572 1,412 47,541 Acquisition of subsidiaries (note 34) – – 2,619 – – 2,619 Disposal of subsidiaries (note 36) (28,085) – – (430) – (28,515) Reclassification to liabilities held for sale (286) – – – – (286) Exchange realignment (2,520) 147 18 158 175 (2,022) Deferred tax liabilities at 31 December 2019 178,353 8,047 22,229 1,070 1,587 211,286 2018 Fair value adjustments of investment properties Gain on fair value change of financial assets at fair value through profit or loss Fair value adjustments arising from acquisition of subsidiaries Unbilled revenue Total USD’000 USD’000 USD’000 USD’000 USD’000 At 1 January 2018 123,231 5,654 8,455 1,107 138,447 Deferred tax charged/(credited) to the profit or loss during the year 49,530 227 (2,827) (292) 46,638 Acquisition of subsidiaries – – 15,734 – 15,734 Exchange realignment (7,993) (291) (541) (45) (8,870) Deferred tax liabilities at 31 December 2018 164,768 5,590 20,821 770 191,949