Annual Report 2019

223 ANNUAL REPORT 2019 41. ACQUISITION OF ASSETS THROUGH ACQUISITION OF A SUBSIDIARY (CONTINUED) For the year ended 31 December 2018 (Continued) HK$’million The net assets acquired in the Xiaoyetian Acquisition were as follows: Investment properties (note 19) 13 Land use right (note 20) 45 Cash and bank balances 143 Debtors, deposits and prepayments 1 Total identifiable net assets 202 Net cash outflow arose in the Xiaoyetian Acquisition: Cash consideration 153 Less: Cash and bank balances acquired (143) Net cash outflow during the year ended 31 December 2018 10 The fair value of other receivables at the date of acquisition amounted to HK$1 million which was also the gross contractual amount and best estimate contractual cash flow at the date of acquisition. 42. COMMITMENTS AND CONTINGENT LIABILITIES (a) Capital commitments for property, plant and equipment and intangible assets that are contracted but not provided for 2019 2018 HK$’million HK$’million Group: Property, plant and equipment and intangible assets 3,312 4,105 Joint ventures: Property, plant and equipment 54 523 3,366 4,628 (b) Capital commitments for investments that are contracted but not provided for 2019 2018 HK$’million HK$’million Group: Ports projects 7,545 6