Notes to the Condensed Interim Financial Statements 23. Deferred Taxation The movement on the net deferred tax liabilities account is as follows: HK$M At 1st January 2023 11,184 Translation differences (390) Acquisition of subsidiary companies (note 31) 2,536 Charged to profit or loss (note 9) 337 Charged to other comprehensive income 1 At 30th June 2023 13,668 Represented by: Deferred tax assets (64) Deferred tax liabilities 13,732 13,668 24. Assets Classified as Held for Sale Assets classified as held for sale represent the Group’s 100% interest in investment properties comprising 1,070 car parking spaces at stages I to IX of the Taikoo Shing residential development in Hong Kong. 25. Share Capital Company 30th June 31st December 2023 2022 HK$M HK$M Issued and fully paid with no par value: At 30th June 2023 and 31st December 2022 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. 74 Swire Properties Limited Interim Report 2023