NOTES TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION For the six months ended 30 June 2022 12. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME 30 June 2022 31 December 2021 (Unaudited) (Audited) US$’000 US$’000 Listed equity investments, at fair value 791,848 779,436 Unlisted equity investments, at fair value 211,046 – 1,002,894 779,436 Listed equity investments at fair value represent the Group’s investments in publicly listed companies, which are quoted in active markets. The fair value of unlisted equity investments is estimated based on the Group’s share of the net asset value of the investment funds. As at 30 June 2022, the above equity investments of US$1,002,894,000 (2021: US$779,436,000) were irrevocably designated at fair value through other comprehensive income as the Group considers these investments to be strategic in nature. During the period, the Group recognised loss arising from its equity investments amounted to US$84,457,000 (30 June 2021: US$20,944,000) in other comprehensive income. The Group also recognised dividend income in respect of its equity investments amounted to US$58,610,000 (30 June 2021: US$13,948,000) in the statement of profit or loss. The listed equity investments comprise the following: Fair value as at 30 June 2022 (Unaudited) US$’000 Hong Kong Exchanges and Clearing Limited (“HKEX”) • Investment A 8,597 Singapore Exchange Securities Trading Limited (“SGX”) • Investment B 225,966 • Investment C 90,239 • Investment D 74,369 • Investment E 301,113 Korea Exchange (“KRX KOSPI”) • Investment F 91,564 791,848 In May 2022, the Group sold its equity interest in a listed equity investment. The fair value on the date of sale was US$349,259,000 (net of transaction costs) and the accumulated gain recognised in other comprehensive income of US$111,580,000 was transferred to retained earnings. Listed equity investments at market value with a fair value of US$162,105,000 as at 30 June 2022 (31 December 2021: US$183,678,000) had been pledged to secure bank and other borrowings granted to the Group (note 15). E S R G R O U P L I M I T E D I N T E R I M R E P O R T 2 0 2 2 63
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