Notes to the Condensed Interim Financial Statements 1. Segment Information The Group is organised on a divisional basis: Property investment, Property trading and Hotels. The reportable segments within each of the three divisions are classified according to the nature of the business. (a) Analysis of consolidated statement of profit or loss Operating profit/ Share of Profit/ (losses) profit less Share of (Losses) after losses of profit less Profit/ Profit/ attributable Inter- depreciation Net joint losses of (Losses) (Losses) to the External segment and finance venture associated before for the Company’s revenue revenue amortisation charges companies companies taxation period shareholders HK$M HK$M HK$M HK$M HK$M HK$M HK$M HK$M HK$M Six months ended 30th June 2023 Property investment 6,732 1 4,254 (176) 506 – 4,584 3,911 3,855 Property trading 89 – (12) 4 (20) – (28) (53) (52) Hotels 476 1 (37) (7) 12 16 (16) (10) (10) Change in fair value of investment properties – – (1,332) – 10 – (1,322) (1,584) (1,570) Inter-segment elimination – (2) – – – – – – – 7,297 – 2,873 (179) 508 16 3,218 2,264 2,223 Six months ended 30th June 2022 (Restated) Property investment 6,265 1 4,112 (79) 604 – 4,637 4,004 3,957 Property trading 383 – 218 – (9) 13 222 151 151 Hotels 262 1 (137) – (13) (49) (199) (179) (178) Change in fair value of investment properties – – 701 – (66) – 635 493 418 Inter-segment elimination – (2) – – – – – – – 6,910 – 4,894 (79) 516 (36) 5,295 4,469 4,348 Year ended 31st December 2022 Property investment 12,340 3 8,273 (188) 1,018 – 9,103 8,129 8,025 Property trading 921 – 209 1 (18) 66 258 171 171 Hotels 565 4 (259) – (67) (54) (380) (342) (341) Change in fair value of investment properties – – 801 – 510 – 1,311 269 125 Inter-segment elimination – (7) – – – – – – – 13,826 – 9,024 (187) 1,443 12 10,292 8,227 7,980 Note: Sales between business segments are accounted for at competitive prices charged to unaffiliated customers for similar goods and services. 57