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$M At 30th June 2024 Property investment 287,181 26,053 8,173 5,340 326,747 Property trading 11,934 6,126 2,132 69 20,261 Hotels 4,271 2,168 283 119 6,841 303,386 34,347 10,588 5,528 353,849 At 31st December 2023 Property investment 289,079 25,799 8,366 4,854 328,098 Property trading 10,869 6,057 2,167 127 19,220 Hotels 4,594 2,201 259 116 7,170 304,542 34,057 10,792 5,097 354,488 * The assets relating to joint venture and associated companies include the loans due from these companies. (c) Analysis of total liabilities and non-controlling interests of the Group Current and Non- Segment deferred tax External Lease Total controlling liabilities liabilities borrowings liabilities liabilities interests HK$M HK$M HK$M HK$M HK$M HK$M At 30th June 2024 Property investment 9,387 14,773 26,806 563 51,529 3,042 Property trading 1,890 114 15,247 – 17,251 (1) Hotels 205 1 702 6 914 39 11,482 14,888 42,755 569 69,694 3,080 At 31st December 2023 Property investment 8,196 14,370 25,396 599 48,561 3,025 Property trading 1,670 89 14,422 – 16,181 1 Hotels 237 1 1,351 8 1,597 41 10,103 14,460 41,169 607 66,339 3,067 (d) Analysis of external revenue of the Group – Timing of revenue recognition Rental At a point income in time Over time on leases Total HK$M HK$M HK$M HK$M Six months ended 30th June 2024 Property investment – 62 6,665 6,727 Property trading 88 – – 88 Hotels 211 253 – 464 299 315 6,665 7,279 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 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. 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. 60 Swire Properties Limited Interim Report 2024