ESR AR 2019 EN

Notes to the Consolidated Financial Statements 31 December 2019 206 Focused 33. SUBSIDIARIES WITH MATERIAL NON-CONTROLLING INTERESTS (continued) As at 31 December As at 31 December 2019 2018 USD’000 USD’000 Profit/(loss) for the year allocated to non-controlling interests: Preference shares issued by subsidiaries: Redwood Fujiidera Investor Ltd. (i) 24 2,966 Redwood Asian Investments 2 Ltd. (ii) 1,124 (1,209) 1,148 1,757 Equity interests held by non-controlling interests: Mingyue Logistics Pte. Ltd. (iii) 2,286 2,095 Higashi (iv) 9,958 1,776 Shanghai Yurun (v) 13,266 – 25,510 3,871 26,658 5,628 Accumulated balances of non-controlling interests at the reporting date: Preference shares issued by subsidiaries: Redwood Fujiidera Investor Ltd. (i) 875 58,979 Redwood Asian Investments 2 Ltd. (ii) 27,629 45,114 28,504 104,093 Equity interests held by non-controlling interests: Mingyue Logistics Pte. Ltd. (iii) 24,740 27,464 Higashi (iv) 65,204 55,066 Shanghai Yurun (v) 52,533 – 142,477 82,530 170,981 186,623