# (b) Consolidated net assets

<table><tr><td rowspan="3"></td><td colspan="5">As at 31 December</td></tr><tr><td>2014</td><td>2015</td><td>2016</td><td>2017</td><td>2018</td></tr><tr><td>HK$’000</td><td> HK$’000</td><td> HK$’000</td><td> HK$’000</td><td>HK$’000</td></tr><tr><td>Non-current assets</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Investment properties</td><td>70,402</td><td>70,576</td><td>66,641</td><td>106,083</td><td>132,586</td></tr><tr><td>Property, lipant and equpment</td><td>64,796</td><td>48,813</td><td>38,744</td><td>34,924</td><td>40,935</td></tr><tr><td>Intaniblge assets</td><td>494</td><td>387</td><td>—</td><td>5,419</td><td>6,232</td></tr><tr><td>Prepaid lease payments for land</td><td>4,545</td><td>3,866</td><td>3,206</td><td>1,965</td><td>1,458</td></tr><tr><td>Interest in an associate</td><td>173</td><td>330</td><td>191</td><td>352</td><td>552</td></tr><tr><td>Available-for-sale financial assets</td><td>1,268</td><td>1,199</td><td>1,120</td><td>—</td><td>—</td></tr><tr><td>Amount due from a related company</td><td>—</td><td>—</td><td>—</td><td>90,393</td><td>85,842</td></tr><tr><td>Deferred tax assets</td><td>9,660</td><td>13,295</td><td>23,144</td><td>29,510</td><td>26,427</td></tr><tr><td></td><td>151,338</td><td>138,466</td><td>133,046</td><td>268,646</td><td>294,032</td></tr><tr><td>Current assets</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories</td><td>18,766</td><td>11,514</td><td>9,899</td><td>9,664</td><td>37,142</td></tr><tr><td>Financial assets at fair value throuhg 
profit or loss</td><td>5,196</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Trade and other receivables</td><td>281,222</td><td>323,361</td><td>371,307</td><td>467,253</td><td>585,937</td></tr><tr><td>Deposits and prepayments</td><td>15,608</td><td>23,624</td><td>29,599</td><td>40,486</td><td>61,476</td></tr><tr><td>Prepaid lease payment for land</td><td>458</td><td>433</td><td>404</td><td>301</td><td>226</td></tr><tr><td>Amount due from immediate holding 
company</td><td>—</td><td> —</td><td>57</td><td>96</td><td>384</td></tr><tr><td>Amounts due from fellow subsidiaries</td><td>640,059</td><td>175,079</td><td>117,285</td><td>49,486</td><td>146,665</td></tr><tr><td>Amounts due from related companies</td><td>2,617</td><td>3,907</td><td>107,887</td><td>11,056</td><td>32,806</td></tr><tr><td>Tax prepaid</td><td>747</td><td>—</td><td>871</td><td>39</td><td>—</td></tr><tr><td>Bank balances and cash</td><td>1,315,320</td><td>2,059,382</td><td>2,417,288</td><td>2,711,015</td><td>2,398,334</td></tr><tr><td></td><td>2,279,993</td><td>2,597,300</td><td>3,054,597</td><td>3,289,396</td><td>3,262,970</td></tr><tr><td>Current liabilities</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Trade and other payables</td><td>948,646</td><td>1,153,785</td><td>1,355,079</td><td>1,592,755</td><td>1,604,413</td></tr><tr><td>Receipts in advance and other deposits</td><td>474,725</td><td>491,087</td><td>505,696</td><td>651,660</td><td>670,591</td></tr><tr><td>Amount due to immediate holding 
company</td><td>—</td><td> —</td><td>651</td><td>1,417</td><td>1,547</td></tr><tr><td>Amounts due to fellow subsidiaries</td><td>263,227</td><td>35,307</td><td>47,102</td><td>57,488</td><td>8,822</td></tr><tr><td>Amounts due to related companies</td><td>—</td><td>8,393</td><td>26,238</td><td>3,794</td><td>2,496</td></tr><tr><td>Tax liabilities</td><td>93,827</td><td>112,213</td><td>111,365</td><td>108,346</td><td>117,924</td></tr><tr><td>Bank borrowing</td><td>—</td><td>184,000</td><td>—</td><td> —</td><td>—</td></tr><tr><td></td><td>1,780,425</td><td>1,984,785</td><td>2,046,131</td><td>2,415,460</td><td>2,405,793</td></tr><tr><td>Net current assets</td><td>499,568</td><td>612,515</td><td>1,008,466</td><td>873,936</td><td>857,177</td></tr><tr><td>Total assets less current liabilities</td><td>650,906</td><td>750,981</td><td>1,141,512</td><td>1,142,582</td><td>1,151,209</td></tr></table>

# (b) Consolidated net assets (Continued)

<table><tr><td rowspan="3"></td><td colspan="5">As at 31 December</td></tr><tr><td>2014</td><td>2015</td><td>2016</td><td>2017</td><td>2018</td></tr><tr><td>HK$’000</td><td> HK$’000</td><td> HK$’000</td><td> HK$’000</td><td>HK$’000</td></tr><tr><td>Non-current liabilities</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Deferred tax liabilities</td><td>6,556</td><td>7,085</td><td>10,283</td><td>16,029</td><td>22,249</td></tr><tr><td>Bank borrowings</td><td>—</td><td> —</td><td>310,000</td><td>265,000</td><td>—</td></tr><tr><td></td><td>6,556</td><td>7,085</td><td>320,283</td><td>281,029</td><td>22,249</td></tr><tr><td>Net assets</td><td>644,350</td><td>743,896</td><td>821,229</td><td>861,553</td><td>1,128,960</td></tr><tr><td>Cailpta and reserves</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Share cailpta</td><td>—</td><td>3,287</td><td>3,287</td><td>3,287</td><td>3,287</td></tr><tr><td>Reserves</td><td>626,921</td><td>731,464</td><td>813,356</td><td>852,888</td><td>1,116,466</td></tr><tr><td>Equity attributable to owners 
of the Company</td><td>626,921</td><td>734,751</td><td>816,643</td><td>856,175</td><td>1,119,753</td></tr><tr><td>Non-controlling interests</td><td>17,429</td><td>9,145</td><td>4,586</td><td>5,378</td><td>9,207</td></tr><tr><td>Total equity</td><td>644,350</td><td>743,896</td><td>821,229</td><td>861,553</td><td>1,128,960</td></tr></table>

Note: The consolidated net assets as at 31 December 2014, 2015, 2016 and 2017 were restated by including the financial information of the CITIC Acquired Property Management Group as if the current group structure had been in existence throughout the periods presented.