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Other investments
 12 Months Ended
Dec. 31, 2021
Text Block [Abstract]  
Other investments
7
Other investments
 
    
2021
     
2020
  
(in $ millions)
   
$
     
$
  
Non-current
investments
                  
Time deposits
      2        *  
Debt investments – at FVTPL
      621        234  
Equity investments – at FVTPL
      618        143  
    
 
 
     
 
 
  
       1,241        377  
    
 
 
     
 
 
  
Current investments
                  
Time deposits
      3,176        1,282  
Debt investments – at FVTPL
      64        16  
    
 
 
     
 
 
  
       3,240        1,298  
    
 
 
     
 
 
  
       4,481        1,675  
    
 
 
     
 
 
  
  *
Amount less than $1 million

i)
Equity investments
During 2021, the Group entered into a share swap agreement with PT Elang Mahkota Teknologi Tbk (“Emtek”), an entity listed on the Indonesia Stock Exchange, in which the Group acquired a 4.6% interest in exchange for a 5.9% interest in PT Grab Teknologi Indonesia (“GTI”), a subsidiary of the Group.
 
The equity interest in Emtek is measured at FVTPL. In addition, Emtek has an option to convert its shares in GTI for a fixed number of shares in GHL before June 30, 2022. The option, which is an equity instrument, is presented in other reserves (see Note 11(ii)(d)).
 
ii)
Time deposits
These financial assets measured at amortized cost predominantly comprise deposits with banks and financial institutions with a maturity of more than three months from the date of placement.
 
iii)
Financial risk management
The exposure of other investments to relevant financial risks (credit, currency and interest rate risk) is disclosed in Note 25.