Notes to the Condensed Interim Financial Statements 17. Interests in Associated Companies 30th June 31st December 2024 2023 HK$M HK$M Share of net assets, unlisted 9,663 9,913 Goodwill 670 670 10,333 10,583 Loans due from associated companies less provisions – Interest-free 215 169 – Interest-bearing 40 40 255 209 18. Fair Value Measurement of Financial Instruments (a) Financial instruments that are measured at fair value are included in the following fair value hierarchy: Total carrying Level 2 Level 3 amount HK$M HK$M HK$M Assets as per consolidated statement of financial position At 30th June 2024 Derivatives used for hedging (note 19) 99 – 99 Financial assets at fair value through profit or loss – Unlisted equity investments – 629 629 99 629 728 At 31st December 2023 Derivatives used for hedging (note 19) 57 – 57 Financial assets at fair value through profit or loss – Unlisted equity investments – 623 623 57 623 680 Liabilities as per consolidated statement of financial position At 30th June 2024 Derivatives used for hedging (note 19) 10 – 10 Put option in respect of a non-controlling interest (note 21) – 645 645 10 645 655 At 31st December 2023 Derivatives used for hedging (note 19) 22 – 22 Put option in respect of a non-controlling interest (note 21) – 613 613 22 613 635 Notes: The levels in the hierarchy represent the following: Level 2 – Financial instruments measured at fair value using inputs other than quoted prices but where those inputs are based on observable market data. Level 3 – Financial instruments measured at fair value using inputs not based on observable market data. There were no transfers of financial instruments between the levels in the fair value hierarchy. 68 Swire Properties Limited Interim Report 2024