76 Notes to Condensed Consolidated Financial Information 30 June 2024 STRENGTH IN UNITY 16. OTHER NON-CURRENT ASSETS 30 June 2024 31 December 2023 (Unaudited) (Audited) US$’000 US$’000 Contract costs 228 277 Consideration receivable from disposal of subsidiaries 2,098 2,222 Due from joint ventures 22,758 20,000 Due from non-controlling interests of subsidiaries 14,391 30,173 Financial derivative assets 35,267 13,235 Investment in Optionally Convertible Debentures (note (i)) 5,697 5,902 Investment in Non-convertible Debentures 14,318 13,577 Input tax recoverable 13,979 23,458 Loan receivables from third parties 32,176 24,541 Prepayments for acquiring land use rights 167,145 169,393 Prepayments for construction 665 — Receivable from funds 49,899 39,869 Rental deposits 5,348 5,661 Rental income receivables 1,148 707 Others 12,216 13,276 377,333 362,291 Note: (i) The Group subscribed to the Optionally Convertible Debentures (“OCD”) issued by the Group’s joint ventures. The OCD, at the request of the lender and consent of the borrower, shall be convertible into equity shares at any time before 3 years from the drawdown date, but before the date of completion of 6 years from the drawdown date. The OCD may be converted into equity shares in one or more tranches. The OCD shall convert into equity shares at the fair market value of the equity shares on the date of conversion of OCD into equity shares. The outstanding OCD that are neither converted nor redeemed, shall be compulsorily redeemed on the date of completion of 6 years from the drawdown date. The fair value measurement for the OCD has been categorised as a Level 3 fair value based on the inputs to the valuation techniques used (see note 31). The balances due from non-controlling interests of subsidiaries are non-trade in nature and unsecured. As at 30 June 2024, the balance of US$11,918,000 (31 December 2023: US$27,549,000) bears interest of 4.00% to 5.25% (2023: 4.00% to 5.50%) per annum. The remaining balance is non-interest bearing. The balance due from joint ventures are non-trade in nature and unsecured. As at 30 June 2024, the balance of US$22,362,000 (31 December 2023: US$19,576,000) bears interest of 6.00% to 9.43% (31 December 2023: 6.00% to 9.21%) per annum. The remaining balance is non-interest bearing. The receivable from funds are non-trade in nature and unsecured. As at 30 June 2024, the balance of US$49,899,000 (31 December 2023: US$39,869,000) bears interest of 3.00% to 15.00% per annum.
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