146 CapitaLand Integrated Commercial Trust Notes to the financial statements Year ended 31 December 2024 7 JOINT VENTURES (continued) The following table summarises the financial information of each of the Group’s material joint ventures based on the financial statements prepared in accordance with RAP 7/FRS, modified for differences in the Group’s accounting policies. The table also analyses, in aggregate, the carrying amount and share of profit of the remaining individually immaterial joint ventures. GOT OTH Group Immaterial joint ventures Total $’000 $’000 $’000 $’000 2024 Gross revenue 102,128 46,761 Total return for the year1 82,244 15,634 Other comprehensive income (3,766) 5,204 Total comprehensive income 78,478 20,838 1 Include: – depreciation and amortisation (69) (354) – interest income 425 816 – interest expense (58,058) (10,311) – income tax expense (294) (2,956) Non-current assets 1,780,057 3,665,660 Current assets2 34,364 169,007 Non-current liabilities3 (1,331,330) (1,655,474) Current liabilities4 (49,722) (102,464) Net assets 433,369 2,076,729 2 Include cash and cash equivalents 31,045 153,297 3 Include non-current financial liabilities (excluding trade and other payables and provisions) (1,314,194) (1,622,325) 4 Include current financial liabilities (excluding trade and other payables and provisions) (3,766) – Group’s interest in net assets of joint ventures at 1 January 2024 169,515 – 18,416 187,931 Acquisition during the year – 1,078,529 12,454 1,090,983 Group’s share of total return for the year 37,142 (10,299)5 6,913 33,756 Return of capital from joint ventures – – (4,332) (4,332) Distributions received and receivable during the year (9,945) (25,500) (2,610) (38,055) Group’s share of other comprehensive income (1,695) 2,602 – 907 Carrying amount of interest in joint ventures at 31 December 2024 195,017 1,045,332 30,841 1,271,190 Group’s share of joint ventures’ capital commitment 65 3,621 – 3,686 5 Includes write-down of capitalised acquisition related costs.
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