NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2023 9. CASH AND CASH EQUIVALENTS Group Trust 2023 2022 2023 2022 $’000 $’000 $’000 $’000 Cash at banks and in hand 20,665 58,790 1,208 2,157 Fixed deposits with financial institutions 222,799 172,258 – – 243,464 231,048 1,208 2,157 10. ASSETS/LIABILITIES HELD FOR SALE On 6 December 2023, the Group announced that it has, through its subsidiary, entered into a conditional equity interests transfer agreement with an unrelated party to divest the issued shares of CapitaRetail Beijing Shuangjing Real Estate Co., Ltd., which holds CapitaMall Shuangjing. The completion of the divestment was announced on 23 January 2024. At 31 December 2023, the disposal group was stated at fair value less costs to sell and comprised the following assets and liabilities: Note CapitaMall Shuangjing $’000 Group 2023 Investment property 4 156,907 Plant and equipment 5 29 Trade and other receivables 2,871 Cash and cash equivalents 1,376 Assets held for sale 161,183 Trade and other payables 708 Security deposits 1,298 Deferred tax liabilities 14 28,651 Liabilities held for sale 30,657 The investment property is valued based on the agreed property price with buyer. ANNUAL REPORT 2023 191 Financials Framework Portfolio Performance Leadership Overview
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