Perennial Holdings Private Limited - Annual Report 2024

Group Company Note 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Non-current assets Property, plant and equipment 5 102,730 7,377 1,792 690 Investment properties 6 4,254,759 4,148,293 – – Subsidiaries 27 – – 3,013,381 2,744,230 Associates and joint ventures 7 2,513,473 2,481,550 – – Intangible assets and goodwill 8 63,155 65,325 – – Trade and other receivables 9 13,820 11,216 – – 6,947,937 6,713,761 3,015,173 2,744,920 Current assets Development properties 10 1,051,586 1,023,512 – – Inventories 500 13 – – Trade and other receivables 9 338,429 305,875 228,118 222,392 Cash and cash equivalents 11 107,020 216,422 1,620 634 1,497,535 1,545,822 229,738 223,026 Total assets 8,445,472 8,259,583 3,244,911 2,967,946 Non-current liabilities Loans and borrowings 12 1,556,095 1,162,059 77,632 – Lease liabilities 28 46,228 – 1,268 – Trade and other payables 13 269,881 423,626 310,464 452,800 Deferred tax liabilities 14 175,830 195,311 – – 2,048,034 1,780,996 389,364 452,800 Current liabilities Loans and borrowings 12 1,643,302 1,991,334 – 77,709 Lease liabilities 28 6,994 223 301 223 Trade and other payables 13 384,119 502,364 121,343 184,752 Current tax liabilities 8,310 12,821 – – 2,042,725 2,506,742 121,644 262,684 Total liabilities 4,090,759 4,287,738 511,008 715,484 Net assets 4,354,713 3,971,845 2,733,903 2,252,462 Equity Share capital 15 2,205,290 2,205,290 2,205,290 2,205,290 Other reserves 16 931,546 450,047 484,439 – Foreign currency translation reserve 16 (408,518) (355,135) – – Retained earnings 278,012 272,822 44,174 47,172 Equity attributable to owners of the Company 3,006,330 2,573,024 2,733,903 2,252,462 Non-controlling interests 17 1,348,383 1,398,821 – – Total equity 4,354,713 3,971,845 2,733,903 2,252,462 Statements of Financial Position As at 31 December 2024 The accompanying notes form an integral part of these financial statements. OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 159 ANNUAL REPORT 2024

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