Consolidated Statement of Financial Position 2022 2021 HK$M HK$M Reference Restated Property, Plant and Equipment 3,165 3,381 Note 15 The decrease in property, plant and equipment was principally due to depreciation for the year and foreign exchange translation losses (principally in respect of leasehold buildings in the Chinese Mainland), partly offset by additions to plant and equipment. Investment Properties 271,368 267,959 Note 16 The increase in investment properties of HK$3,409 million was principally due to additions during the year (after netting off cost written back) of HK$7,321 million and a net valuation gain of HK$801 million, partly offset by foreign exchange translation losses of HK$3,449 million, the disposals of Taikoo Shing car parking spaces and a property in Tsing Yi, Hong Kong of HK$825 million, and the transfer of unsold Taikoo Shing car parking spaces of HK$474 million to assets classified as held for sale. The additions reflected capital expenditure at the Taikoo Place redevelopment, Taikoo Li Xi’an, and other projects in Hong Kong and the Chinese Mainland. The foreign exchange translation losses were principally in respect of investment properties in the Chinese Mainland. Joint Venture Companies and Loans Due from 39,862 37,554 Note 20 Joint Venture Companies The increase of HK$2,308 million principally reflected (i) increases in equity to joint venture companies, (ii) the Company’s share of profits of joint venture companies (including valuation gains) and (iii) the acquisition of additional interests in joint venture companies, partly offset by (iv) the Company’s share of foreign exchange translation losses in respect of joint venture companies in the Chinese Mainland and (v) movements in loans due from joint venture companies. Other Financial Assets at Amortised Cost – 522 Note 32 The decrease of HK$522 million mainly reflected the reclassification of a deferred payment to trade and other receivables since it is due within one year. Properties For Sale 8,264 6,411 Note 23 The increase of HK$1,853 million principally reflected the acquisition cost of 269 Queen’s Road East, Wan Chai and development expenditures of Chai Wan Inland Lot No. 178 in Hong Kong, partly offset by sales of units at EIGHT STAR STREET in Hong Kong and a property at Fort Lauderdale in Florida, U.S.A. 77 SWIRE PROPERTIES ANNUAL REPORT 2022