ESR AR 2019 EN

Notes to the Consolidated Financial Statements 31 December 2019 214 Focused 36. DISPOSAL OF SUBSIDIARIES (continued) USD’000 Net assets disposed of: Cash and bank balances 20,851 Prepayments, trade and other receivables and other assets 58,391 Investment properties 276,711 Property, plant and equipment 2 Deferred tax assets 1,146 Other non-current assets 1,492 Trade payables, accruals, other payables and income tax payable (48,481) Deferred tax liabilities (28,515) Bank and other borrowings (84,315) Other non-current liabilities (4,481) 192,801 Exchange fluctuation reserve 4,901 Gain on disposal of subsidiaries 16,495 214,197 Satisfied by: Cash 214,175 Investments in financial assets at fair value through profit or loss* 22 214,197 * The Group hold 0.01% interest in the disposed subsidiaries after the disposal, which is recognised as a financial asset at fair value through profit or loss. An analysis of the net inflow of cash and cash equivalents in respect of the disposal of subsidiaries is as follows: USD’000 Cash consideration 214,175 Cash and bank balances of disposed subsidiaries (20,851) Net inflow of cash and cash equivalents included in cash flows used in investing activities 193,324 37. CONTINGENT LIABILITIES As at the years ended 31 December 2019 and 2018, neither the Group nor the Company had any significant contingent liabilities. 38. PLEDGE OF ASSETS Details of the Group’s interest-bearing bank and other borrowings, which are secured by the assets of the Group, are included in note 26 to the financial statements.