ESR Group Limited Annual Report 2023 131 Consolidated Statement of Cash Flows For the year ended 31 December 2023 2023 2022 Notes US$’000 US$’000 Cash flows from investing activities Acquisition of subsidiaries (21,291) (140,005) Additions of investment properties (326,165) (782,925) Additions of other intangible assets 20 (11,405) (2,280) Additions of property, plant and equipment (16,670) (16,541) Advances to related parties and joint ventures (39,598) (2,771) Capital injection in financial assets at fair value through other comprehensive income (120,371) (97,101) Capital injection in financial assets at fair value through profit or loss (64,925) (158,559) Capital injection in joint ventures and associates (612,952) (415,950) Capital redemption on financial assets at fair value through other comprehensive income 1,144 43,199 Disposal of asset held for sale 52,217 — Disposal of financial assets at fair value through other comprehensive income — 362,109 Disposal of financial assets at fair value through other profits or loss 22,224 — Disposal of interests in joint ventures and associates 30,654 44,189 Disposal of investment properties 61,494 314,462 Disposal of other assets — 3,490 Disposal of property, plant and equipment — 324 Disposal of subsidiaries 75,646 295,198 Distributions from financial assets at fair value through profits or loss 27,963 92,707 Distributions from joint ventures and associates 111,910 212,282 Dividend income from quoted financial assets 53,589 39,509 Dividend income from unquoted financial assets 26,935 93,586 Increase in non-pledged fixed time deposits with a maturity period over three months (3,850) — Interest received 19,371 16,098 Investment in other investments (3,485) (6,407) Loan to third parties (10,381) (84,825) Payment of contingent consideration payables — (4,679) Prepayments for acquiring land use rights (60,752) (138,170) Purchase of financial derivative assets — (105) Repayment of loans to directors of the Company — 945 Repayment from joint ventures and financial assets at fair value through profit or loss upon disposal of subsidiaries 50,532 206,760 Transaction costs incurred for acquisition of subsidiaries — (45,167) Net cash flows used in investing activities (758,166) (170,627) CORPORATE GOVERNANCE FINANCIAL STATEMENTS STRATEGIC REPORTS
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