NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2021 23. PREPAYMENTS, OTHER RECEIVABLES AND OTHER ASSETS As at 31 December As at 31 December 2021 2020 US$’000 US$’000 Deposits for acquisition 35,593 18,516 Due from joint ventures 4,064 115,534 Due from related parties (note 38(d)) 10,031 9,602 Receivable from funds 6,612 1,438 Prepayments on behalf of funds 3,377 2,727 Prepayments to suppliers 8,206 7,471 Dividend receivable 396 3,743 Contract assets 936 6,533 Deductible value-added tax 70,554 29,313 Consideration receivable from disposal of subsidiaries 1,918 – Other receivables 14,387 14,445 156,074 209,322 The amounts due from joint ventures are unsecured, interest-free and payable on demand. The financial assets included in the above balances related to receivables for which there was no recent history of default. As at 31 December 2021 and 2020, other receivables of the Group were considered to be of low credit risk and thus the Group has assessed that the ECL for other receivables was immaterial under the 12-month expected credit loss method. R E A C H I N G N E W H E I G H T S 198
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