24. Deferred Taxation The movement on the net deferred tax liabilities account is as follows: HK$M At 1st January 2022 10,769 Translation differences (299) Charged to profit or loss (note 9) 204 Charged to other comprehensive income 9 At 30th June 2022 10,683 Represented by: Deferred tax assets (80) Deferred tax liabilities 10,763 10,683 25. Assets Classified as Held for Sale Assets classified as held for sale represent the Group’s 100% interest in investment properties comprising 1,164 car parking spaces and 196 motorcycle parking spaces in stages I to IX of the Taikoo Shing residential development in Hong Kong. The spaces in stage VI were offered to registered owners at Taikoo Shing in the fourth quarter of 2020, and the Group offered further car parking spaces in stages II to IV and VII to IX in batches during 2021. The Group also offered car parking spaces in stages I and V during the period. 26. Share Capital Company 30th June 31st December 2022 2021 HK$M HK$M Issued and fully paid with no par value: At 30th June 2022 and 31st December 2021 5,850,000,000 ordinary shares 10,449 10,449 There was no purchase, sale or redemption by the Company, or any of its subsidiaries, of the Company’s shares during the period. 69
2022 Interim Report | EN Page 70 Page 72