2. Basis of Preparation (continued) The change in accounting policy has been applied retrospectively by restating the results for the period ended 30th June 2022: As previously Effect on As reported change restated HK$M HK$M HK$M Consolidated Statement of Profit or Loss and Other Comprehensive Income for the period ended 30th June 2022 Revenue 6,698 212 6,910 Cost of sales (1,693) (178) (1,871) Share of profit less losses of joint venture companies 509 7 516 Taxation (817) (9) (826) Profit for the period attributable to: – The Company’s shareholders 4,319 29 4,348 – Non-controlling interests 118 3 121 Net translation differences on foreign operations recognised during the period (1,649) (4) (1,653) Total comprehensive income attributable to: – The Company’s shareholders 1,790 25 1,815 – Non-controlling interests 81 3 84 3. Financial Risk Management In the normal course of business the Group is exposed to financial risks attributable to interest rates, currencies, credit and liquidity. The condensed interim financial statements do not include all financial risk management information and disclosures required in the annual financial statements, and should be read in conjunction with the Group’s 2022 annual financial statements. There have been no changes in the Group’s financial risk management structure, policies and procedures since the year end. 61