ESR Group Limited Annual Report 2022 Notes to the Consolidated Financial Statements 31 December 2022 177 15. INVESTMENTS IN JOINT VENTURES AND ASSOCIATES (continued) The following table illustrates the summarised financial information in respect of material joint ventures and associates adjusted for any differences in accounting policies and reconciled to the carrying amount in the financial statements: e-Shang Star Sunwood Star ESR-GIC EMP Cromwell Property Group Kenedix, Inc US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 31 December 2022 Cash and bank balances 148,875 40,865 55,360 24,957 84,908 294,336 Other current assets 34,715 1,698 32,934 5,075 186,194 1,295,784 Current assets 183,590 42,563 88,294 30,032 271,102 1,590,120 Non-current assets 2,006,918 1,785,020 791,122 2,538,770 2,915,134 622,520 Financial liabilities, excluding trade and other payables — — (4,196) — (51,012) (21,559) Other current liabilities (56,386) (7,741) (87,360) (12,996) (54,905) (46,326) Current liabilities (56,386) (7,741) (91,556) (12,996) (105,917) (67,885) Non-current financial liabilities, excluding trade and other payables (695,469) (226,200) (232,998) (1,521,015) (1,366,987) (1,237,775) Other non-current liabilities (247,178) (175,240) (46,857) — (805) (10,057) Non-current liabilities (942,647) (401,440) (279,855) (1,521,015) (1,367,792) (1,247,832) Net assets 1,191,475 1,418,402 508,005 1,034,791 1,712,527 896,923 Proportion of the Group’s ownership 25.6455% 20.00% 51.00% 20.00% 30.69% 30.00% Carrying amount of the investment 288,580 283,506 256,040 206,958 575,043 434,221 Revenue 88,480 31,858 4,255 128,127 257,377 565,555 Interest income 407 2,108 — 209 — — Interest expenses (31,569) (6,065) (2,760) (40,207) (56,756) (11,686) Tax (48,879) (32,731) (30,276) — 2,841 (40,714) Profit for the year 124,676 232,516 85,373 68,110 832 90,087 Total comprehensive income for the year 124,676 153,080 85,373 85,441 7,207 94,551 STRATEGIC REPORT FINANCIAL STATEMENT CORPORATE GOVERNANCE
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