Loans and Borrowings (Tables)

12 Months Ended

Dec. 31, 2021

Terms and conditions of outstanding loans and borrowings (including lease liabilities) are as follows:

cost of funds


	Liabilities
	Convertible redeemable preference shares (Note 11)			Bank loans			Term loan			Lease liabilities			Equity component of convertible redeemable preference shares			Total
(in $ millions)	$			$			$			$			$			$
Balance at January 1, 2021		10,767			212			—			39			3,850			14,868
Changes from financing cash flows
Proceeds from issuance of CRPS		436			—			—			—			27			463
Proceeds from bank loans		—			60			1,920			—			—			1,980
Payment of bank loans		—			(151	)		(25	)		—			—			(176	)
Payment of lease liabilities		—			—			—			(24	)		—			(24	)
Interest paid		—			(23	)		(83	)		(2	)		—			(108	)
Total changes from financing cash flows		436			(114	)		1,812			(26	)		27			2,135
Effect of changes in foreign exchange rates		—			(3	)		(1	)		(1	)		—			(5	)
Other changes
Liability-related
Recognition of lease liabilities		—			—			—			106			—			106
Derecognition of lease liabilities		—			—			—			*			—			*
Secured bank loans for asset acquisition		—			20			—			—			—			20
Interest expense		1,570			23			103			5			—			1,701
CRPS converted to GHL ordinary shares		(12,773	)		—			—			—			(3,877	)		(16,650	)
Total liability-related other changes		(11,203	)		43			103			111			(3,877	)		(14,823	)
Balance at December 31, 2021		—			138			1,914			123			—			2,175


	Liabilities
	Convertible redeemable preference shares (Note 11)		Bank loans			Term loan		Lease liabilities			Equity component of convertible redeemable preference shares		Total
(in $ millions)	$		$			$		$			$		$

Balance at January 1, 2020		8,256		296			—		49			3,552		12,153
Changes from financing cash flows
Proceeds from issuance of CRPS		1,091		—			—		—			298		1,389
Proceeds from bank loans		—		8			—		—			—		8
Payment of bank loans		—		(106	)		—		—			—		(106	)
Payment of lease liabilities		—		—			—		(30	)		—		(30	)
Interest paid		—		(14	)		—		(3	)		—		(17	)

Total changes from financing cash flows		1,091		(112	)		—		(33	)		298		1,244

The effect of changes in foreign exchange rates		—		(3	)		—		1			—		(2	)

Other changes
Liability-related
Issuance of CRPS		4		—			—		—			—		4
Recognition of lease liabilities		—		—			—		24			—		24
Derecognition of lease liabilities		—		—			—		(5	)		—		(5	)
Secured bank loans for asset acquisition		—		17			—		—			—		17
Interest expense		1,416		14			—		3			—		1,433
Total liability-related other changes		1,420		31			—		22			—		1,473

Balance at December 31, 2020		10,767		212			—		39			3,850		14,868