NOTES TO THE FINANCIAL STATEMENTS 37. Company Statement of Financial Position and Reserves (a) Company Statement of Financial Position 2022 2021 At 31st December 2022 Note HK$M HK$M ASSETS AND LIABILITIES Non-current assets Property, plant and equipment 33 29 Intangible assets 126 100 Right-of-use assets 34 8 Subsidiary companies 126,204 118,148 Loans due from joint venture companies 2,801 2,673 Associated companies 3 3 Deferred tax assets – 10 Other financial assets at amortised cost – 505 Retirement benefit assets 23 – 129,224 121,476 Current assets Trade and other receivables 614 62 Taxation recoverable – 3 Cash and cash equivalents 470 8,319 1,084 8,384 Current liabilities Trade and other payables 22,791 42,091 Taxation payable 8 – Lease liabilities due within one year 12 8 22,811 42,099 Net current liabilities (21,727) (33,715) Total assets less current liabilities 107,497 87,761 Non-current liabilities Long-term lease liabilities 22 1 Deferred tax liabilities 25 – Retirement benefit liabilities – 160 47 161 NET ASSETS 107,450 87,600 EQUITY Equity attributable to the Company’s shareholders Share capital 35 10,449 10,449 Reserves 37(b) 97,001 77,151 TOTAL EQUITY 107,450 87,600 Guy Bradley May Y. Wu Directors Hong Kong, 9th March 2023 190