Balance Sheets As at 31 December 2024 The Group The Company Note 31 Dec 2024 31 Dec 2023 31 Dec 2024 31 Dec 2023 $’M $’M $’M $’M Non-current assets Property, plant and equipment 3 620 1,312 126 129 Intangible assets 4 1,162 1,177 * * Investment properties 5 4,995 13,572 – – Subsidiaries 6 – – 10,347 10,946 Associates 7 11,689 10,231 – – Joint ventures 8 1,963 2,812 – – Deferred tax assets 9 62 72 * * Other non-current assets 10 598 510 – – 21,089 29,686 10,473 11,075 Current assets Development properties for sale 11 160 197 – – Trade and other receivables 12 1,143 939 1,221 819 Other current assets 10 10 39 – – Assets held for sale 13 – 812 – – Cash and cash equivalents 14 2,308 2,460 10 19 3,621 4,447 1,231 838 Less: current liabilities Trade and other payables 15 1,236 1,455 459 124 Short term borrowings 16 1,098 1,014 7 9 Current portion of debt securities 17 – 238 – – Current tax payable 528 583 1 * Liabilities held for sale 13 – 254 – – 2,862 3,544 467 133 Net current assets 759 903 764 705 Less: non-current liabilities Long term borrowings 16 5,173 9,514 81 89 Debt securities 17 1,630 1,824 – – Deferred tax liabilities 9 206 508 – – Other non-current liabilities 18 428 506 812 812 7,437 12,352 893 901 Net assets 14,411 18,237 10,344 10,879 Representing: Share capital 20 10,760 10,760 10,760 10,760 Revenue reserve 7,995 9,420 230 445 Other reserves 21 (5,209) (6,219) (646) (326) Equity attributable to owners of the Company 13,546 13,961 10,344 10,879 Perpetual securities 22 – 396 – – Non-controlling interests 6 865 3,880 – – Total equity 14,411 18,237 10,344 10,879 * Less than $1 million The accompanying notes form an integral part of these financial statements. 90 CapitaLand Investment Limited Consolidated Income Statement Year ended 31 December 2024 Note 2024 2023 $’M $’M Revenue 24 2,815 2,784 Cost of sales (1,550) (1,524) Gross profit 1,265 1,260 Other operating income 25(b) 162 219 Administrative expenses (548) (498) Other operating expenses (218) (292) Profit from operations 661 689 Finance costs 25(e) (507) (488) Share of results (net of tax) of: – associates 447 206 – joint ventures 173 67 620 273 Profit before tax 25 774 474 Tax expense 26 (80) (141) Profit for the year 694 333 Attributable to: Owners of the Company 479 181 Non-controlling interests 6 215 152 Profit for the year 694 333 Basic earnings per share (cents) 27(a) 9.5 3.5 Diluted earnings per share (cents) 27(b) 9.4 3.5 The accompanying notes form an integral part of these financial statements. 91 Annual Report 2024
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