NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2023 17. NON-CONTROLLING INTERESTS (continued) Xinsu subgroup1 Ascendas Hangzhou Science & Technology Co., Ltd. Ascendas Hangzhou Data Processing Co., Ltd. Xi An AscendasScience Technology Investment Co., Ltd. Total $’000 $’000 $’000 $’000 $’000 2022 Statement of financial position Non-current assets 461,805 163,902 203,689 67,857 897,253 Current assets 18,562 18,571 21,781 6,491 65,405 Non-current liabilities (24,252) (44,493) (39,519) (1,817) (110,081) Current liabilities (32,557) (7,006) (38,771) (2,400) (80,734) Net assets 423,558 130,974 147,180 70,131 771,843 Net assets based on percentage shareholdings 207,544 26,195 29,436 14,026 277,201 Net assets attributable to NCI 207,544 26,195 29,436 14,026 277,201 Statement of total return Revenue 46,467 16,507 18,860 6,969 88,803 Total return after taxation 27,265 34,861 46,137 12,868 121,131 Attributable to NCI: Total return after taxation 13,360 6,972 9,227 2,574 32,133 Total return allocated to NCI 13,360 6,972 9,227 2,574 32,133 Statement of cash flows Cash flows from operating activities 11,030 10,292 14,761 4,197 40,280 Cash flows used in investing activities (2,141) (203) (553) (302) (3,199) Cash flows from financing activities (dividends to NCI: SGD272,000) (17,001) (15,760) (10,771) (272) (43,804) Net decrease in cash and cash equivalents (8,112) (5,671) 3,437 3,623 (6,723) ANNUAL REPORT 2023 203 Financials Framework Portfolio Performance Leadership Overview
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