NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS 11. Earnings Per Share (Basic and Diluted) Earnings per share is calculated by dividing the profit attributable to the Company’s shareholders for the period ended 30th June 2022 of HK$4,319 million (30th June 2021: HK$1,984 million; year ended 31st December 2021: HK$7,121 million) by the weighted average number of 5,850,000,000 ordinary shares in issue during the period (30th June 2021 and 31st December 2021: 5,850,000,000 ordinary shares). 12. Property, Plant and Equipment Property, plant and equipment HK$M Cost: At 1st January 2022 6,285 Translation differences (110) Additions 45 Disposals (3) At 30th June 2022 6,217 Accumulated depreciation and impairment: At 1st January 2022 2,904 Translation differences (54) Charge for the period (note 7) 116 Disposals (3) At 30th June 2022 2,963 Net book value: At 30th June 2022 3,254 At 1st January 2022 3,381 Property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. 62 Swire Properties Limited Interim Report 2022