Notes to the Condensed Interim Financial Statements 23. Deferred Taxation The movement on the net deferred tax liabilities account is as follows: HK$M At 1st January 2024 13,994 Translation differences (235) Charged to profit or loss (note 9) 534 Charged to other comprehensive income 10 At 30th June 2024 14,303 Represented by: Deferred tax assets (65) Deferred tax liabilities 14,368 14,303 24. Assets Classified as Held for Sale Assets classified as held for sale represent the Group’s 100% interest in investment properties comprising 7 car parking spaces at stages I to IX of the Taikoo Shing residential development in Hong Kong. 25. Share Capital Company 30th June 31st December 2024 2023 HK$M HK$M Issued and fully paid with no par value: At 30th June 2024 and 31st December 2023 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. 72 Swire Properties Limited Interim Report 2024