Notes to the Condensed Interim Financial Statements 1. Segment Information (continued) (b) Analysis of total assets of the Group Joint Bank Segment venture Associated deposits Total assets companies* companies* and cash assets HK$M HK$M HK$M HK$M HK$M At 30th June 2023 Property investment 293,136 28,540 – 4,051 325,727 Property trading 10,188 3,439 285 109 14,021 Hotels 4,599 1,601 250 87 6,537 307,923 33,580 535 4,247 346,285 At 31st December 2022 Property investment 278,255 35,439 – 4,252 317,946 Property trading 9,911 2,762 285 164 13,122 Hotels 4,107 1,661 240 86 6,094 292,273 39,862 525 4,502 337,162 * The assets relating to joint venture and associated companies include the loans due from these companies. (c) Analysis of total liabilities and non-controlling interests of the Group Current and Non- Segment deferred tax External Lease Total controlling liabilities liabilities borrowings liabilities liabilities interests HK$M HK$M HK$M HK$M HK$M HK$M At 30th June 2023 Property investment 8,398 14,162 24,271 653 47,484 2,959 Property trading 1,343 24 8,357 – 9,724 1 Hotels 197 1 480 – 678 31 9,938 14,187 33,108 653 57,886 2,991 At 31st December 2022 Property investment 8,529 11,413 14,685 614 35,241 3,017 Property trading 1,326 20 7,782 – 9,128 2 Hotels 167 – 368 – 535 28 10,022 11,433 22,835 614 44,904 3,047 (d) Analysis of external revenue of the Group – Timing of revenue recognition Rental At a point income in time Over time on leases Total HK$M HK$M HK$M HK$M Six months ended 30th June 2023 Property investment – 55 6,677 6,732 Property trading 89 – – 89 Hotels 221 255 – 476 310 310 6,677 7,297 Six months ended 30th June 2022 (Restated) Property investment – 50 6,215 6,265 Property trading 383 – – 383 Hotels 153 109 – 262 536 159 6,215 6,910 There are no significant differences from the last annual financial statements in the basis of segmentation or in the basis of measurement of segment profit or loss. 58 Swire Properties Limited Interim Report 2023