Annual Report 2025 199 Notes to the Financial Statements 31 December 2025 30. Operating Segments (continued) Segment assets and liabilities Business Space and Life Sciences $’000 Industrial and Data Centres $’000 Logistics $’000 Total $’000 Group 2025 Assets and liabilities Segment assets 8,334,324 6,155,738 4,790,654 19,280,716 Unallocated assets 513,672 Total assets 19,794,388 Segment liabilities 525,329 449,369 518,294 1,492,992 Unallocated liabilities: - loans and borrowings 7,320,228 - others 126,862 Total liabilities 8,940,082 Other segmental information Capital expenditure: - investment properties 71,688 51,247 39,599 162,534 - investment properties under development 59,439 4,612 126,597 190,648 P rovision of expected credit losses on trade receivables 359 511 3,120 3,990 2024 Assets and liabilities Segment assets 7,768,091 5,599,260 4,351,148 17,718,499 Unallocated assets 550,511 Total assets 18,269,010 Segment liabilities 206,173 846,163 86,499 1,138,835 Unallocated liabilities: - loans and borrowings 6,524,812 - others 296,848 Total liabilities 7,960,495 Other segmental information Capital expenditure: - investment properties 42,461 37,170 27,330 106,961 - investment properties under development 43,561 (637) 65,307 108,231 P rovision of expected credit losses on trade receivables 356 676 357 1,389
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