CONDENSED INTERIM FINANCIAL STATEMENTS Consolidated Statement of Financial Position At 30th June 2022 – unaudited Unaudited Audited 30th June 31st December 2022 2021 Note HK$M HK$M ASSETS AND LIABILITIES Non-current assets Property, plant and equipment 12 3,254 3,381 Investment properties 13 271,140 267,959 Intangible assets 14 190 203 Right-of-use assets 15 2,428 2,442 Properties held for development 1,215 1,207 Joint venture companies 16 22,236 21,999 Loans due from joint venture companies 16 15,233 15,619 Associated companies 17 424 461 Loans due from associated companies 17 29 – Derivative financial instruments 19 229 133 Deferred tax assets 24 80 78 Financial assets at fair value through profit or loss 460 439 Other financial assets at amortised cost 514 522 317,432 314,443 Current assets Properties for sale 6,554 6,411 Stocks 73 71 Trade and other receivables 20 2,872 2,805 Amount due from immediate holding company – Swire Pacific Limited 21 – 1 Derivative financial instruments 19 – 19 Cash and cash equivalents 5,913 14,833 15,412 24,140 Assets classified as held for sale 25 2,227 1,740 17,639 25,880 Current liabilities Trade and other payables 22 8,829 9,339 Contract liabilities 92 120 Taxation payable 405 348 Derivative financial instruments 19 – 7 Long-term loans and bonds due within one year 2,825 9,000 Lease liabilities due within one year 23 51 49 12,202 18,863 Net current assets 5,437 7,017 Total assets less current liabilities 322,869 321,460 Non-current liabilities Long-term loans and bonds 18,014 15,601 Long-term lease liabilities 23 522 517 Other payables 22 125 150 Deferred tax liabilities 24 10,763 10,847 Retirement benefit liabilities 209 187 29,633 27,302 NET ASSETS 293,236 294,158 EQUITY Share capital 26 10,449 10,449 Reserves 27 279,752 281,706 Equity attributable to the Company’s shareholders 290,201 292,155 Non-controlling interests 28 3,035 2,003 TOTAL EQUITY 293,236 294,158 The above consolidated statement of financial position should be read in conjunction with the accompanying notes. 52 Swire Properties Limited Interim Report 2022