ESR Group Limited Annual Report 2022 Notes to the Consolidated Financial Statements 31 December 2022 201 32. DISPOSAL GROUP HELD FOR SALE (continued) Details of assets and liabilities classified as held for sale as at 31 December 2022 are as follows: As at 31 December 2022 US$’000 Assets Investment properties 239,902 Cash and bank balances 6,458 Other assets 1,068 Assets of a disposal group classified as held for sale 247,428 Liabilities Bank and other borrowings (111,709) Other liabilities (121,019) Liabilities directly associated with assets classified as held for sale (232,728) Net assets directly associated with the disposal group 14,700 As at 31 December 2022, the bank and other borrowings of US$111,709,000 bears floating interest rate of 7.26% per annum with maturity in 2023. The investment property with a fair value of US$239,902,000 was pledged to secure bank and other borrowings. The fair value of the investment properties under the disposal group held for sale as at 31 December 2022 was approximate to the agreed transaction price (Level 2). STRATEGIC REPORT FINANCIAL STATEMENT CORPORATE GOVERNANCE
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