NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS 15. Right-of-use Assets The Group (acting as lessee) leases land, offices, warehouses and equipment. Except for certain long-term leasehold land in Hong Kong, rental contracts are typically made for fixed periods of 1 to 50 years but may have extension and early termination options. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The recognised right-of-use assets relate to the following types of assets: 30th June 31st December 2022 2021 HK$M HK$M Leasehold land held for own use 2,361 2,367 Property 67 75 2,428 2,442 Additions to right-of-use assets during the six months ended 30th June 2022 were HK$9 million (30th June 2021: Nil; year ended 31st December 2021: HK$5 million). During the six months ended 30th June 2022, total cash outflow for leases was included in the consolidated statement of cash flows as (a) interest paid of HK$9 million (30th June 2021: HK$9 million; year ended 31st December 2021: HK$18 million) under “operating activities”, (b) payment for short-term and low-value assets leases of HK$16 million (30th June 2021: HK$15 million; year ended 31st December 2021: HK$32 million) under “operating activities” and (c) principal elements of lease payments of HK$33 million (30th June 2021: HK$35 million; year ended 31st December 2021: HK$72 million) under “financing activities”. 16. Joint Venture Companies 30th June 31st December 2022 2021 HK$M HK$M Share of net assets, unlisted 22,236 21,999 Loans due from joint venture companies less provisions – Interest-free 13,209 13,426 – Interest-bearing 2,024 2,193 15,233 15,619 17. Associated Companies 30th June 31st December 2022 2021 HK$M HK$M Share of net assets, unlisted 424 461 Loans due from associated companies less provisions – Interest-free 9 – – Interest-bearing 20 – 29 – 64 Swire Properties Limited Interim Report 2022