Condensed Interim Financial Statements Consolidated Statement of Financial Position At 30th June 2023 – unaudited Unaudited Audited 30th June 31st December 2023 2022 Note HK$M HK$M ASSETS AND LIABILITIES Non-current assets Property, plant and equipment 12 3,672 3,165 Investment properties 13 284,607 271,368 Intangible assets 14 1,620 208 Right-of-use assets 15 2,686 2,482 Properties held for development 1,214 1,208 Joint venture companies 16 19,253 24,589 Loans due from joint venture companies 16 14,327 15,273 Associated companies 17 489 473 Loans due from associated companies 17 46 52 Derivative financial instruments 19 142 96 Deferred tax assets 23 64 64 Financial assets at fair value through profit or loss 616 460 Retirement benefit assets 10 14 328,746 319,452 Current assets Properties for sale 8,547 8,264 Stocks 80 72 Trade and other receivables 20 3,053 2,834 Cash and cash equivalents 4,247 4,502 15,927 15,672 Assets classified as held for sale 24 1,612 2,038 17,539 17,710 Current liabilities Trade and other payables 21 9,932 10,008 Contract liabilities 6 14 Taxation payable 455 185 Long-term loans and bonds due within one year 300 700 Lease liabilities due within one year 22 77 79 10,770 10,986 Net current assets 6,769 6,724 Total assets less current liabilities 335,515 326,176 Non-current liabilities Long-term loans and bonds 32,808 22,135 Long-term lease liabilities 22 576 535 Deferred tax liabilities 23 13,732 11,248 47,116 33,918 NET ASSETS 288,399 292,258 EQUITY Share capital 25 10,449 10,449 Reserves 26 274,959 278,762 Equity attributable to the Company’s shareholders 285,408 289,211 Non-controlling interests 27 2,991 3,047 TOTAL EQUITY 288,399 292,258 The above consolidated statement of financial position should be read in conjunction with the accompanying notes. 54 Swire Properties Limited Interim Report 2023