NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS 1. Segment Information The Group is organised on a divisional basis: Property investment, Property trading and Hotels. The reportable segments within each of the three divisions are classified according to the nature of the business. (a) Analysis of consolidated statement of profit or loss Operating profit/ Share of Profit/ (losses) profit less Share of (Losses) after losses of profit less Profit/ Profit/ attributable Inter- depreciation Net joint losses of (Losses) (Losses) to the External segment and finance venture associated before for the Company’s revenue revenue amortisation charges companies companies taxation period shareholders HK$M HK$M HK$M HK$M HK$M HK$M HK$M HK$M HK$M Six months ended 30th June 2022 Property investment 6,053 1 4,078 (79) 597 – 4,596 3,972 3,928 Property trading 383 – 218 – (9) 13 222 151 151 Hotels 262 1 (137) – (13) (49) (199) (179) (178) Change in fair value of investment properties – – 701 – (66) – 635 493 418 Inter-segment elimination – (2) – – – – – – – Total 6,698 – 4,860 (79) 509 (36) 5,254 4,437 4,319 Six months ended 30th June 2021 Property investment 6,247 2 4,605 (198) 518 – 4,925 4,238 4,179 Property trading 2,394 – 496 (10) 128 – 614 621 618 Hotels 427 2 (109) (7) (48) (42) (206) (186) (186) Change in fair value of investment properties – – (2,525) – 261 – (2,264) (2,583) (2,627) Inter-segment elimination – (4) – – – – – – – Total 9,068 – 2,467 (215) 859 (42) 3,069 2,090 1,984 Year ended 31st December 2021 Property investment 12,554 3 9,468 (353) 1,006 – 10,121 8,771 8,663 Property trading 2,443 – 492 (10) 120 – 602 604 601 Hotels 894 4 (174) (14) (70) (82) (340) (309) (307) Change in fair value of investment properties – – (1,947) – 814 – (1,133) (1,777) (1,836) Inter-segment elimination – (7) – – – – – – – Total 15,891 – 7,839 (377) 1,870 (82) 9,250 7,289 7,121 Note: Sales between business segments are accounted for at competitive prices charged to unaffiliated customers for similar goods and services. 55