CONSOLIDATED STATEMENT OF FINANCIAL POSITION At 31st December 2022 31st 31st 1st December December January Note 2022 2021 2021 HK$M HK$M HK$M Restated Restated ASSETS AND LIABILITIES Non-current assets 3,165 3,381 4,322 Property, plant and equipment 15 Investment properties 16 271,368 267,959 267,003 Intangible assets 17 208 203 198 Right-of-use assets 18 2,482 2,442 3,301 Properties held for development 19 1,208 1,207 1,200 Joint venture companies 20 24,589 21,935 15,744 Loans due from joint venture companies 20 15,273 15,619 15,357 Associated companies 21 473 461 543 Loans due from associated companies 21 52 – – Derivative financial instruments 30 96 133 145 Deferred tax assets 31 64 78 73 Financial assets at fair value through profit or loss 460 439 985 Other financial assets at amortised cost 32 – 522 508 Retirement benefit assets 34 14 – – Current assets 319,452 314,379 309,379 Properties for sale 23 8,264 6,411 3,538 Stocks 72 71 72 Trade and other receivables 24 2,834 2,220 2,127 Amounts due from immediate holding company – Swire Pacific Limited 25 – 1 16 Derivative financial instruments 30 – 19 – Short-term deposits maturing after three months – – 30 Cash and cash equivalents 26 4,502 14,833 21,202 Assets classified as held for sale 15,672 23,555 26,985 33 2,038 1,740 384 Current liabilities 17,710 25,295 27,369 Trade and other payables 27 10,008 9,339 8,001 Contract liabilities 14 120 22 Taxation payable 185 348 576 Derivative financial instruments 30 – 7 – Short-term loans – – 94 Long-term loans and bonds due within one year 29 700 9,000 1,820 Lease liabilities due within one year 28 79 49 70 10,986 18,863 10,583 Net current assets 6,724 6,432 16,786 Total assets less current liabilities 326,176 320,811 326,165 Non-current liabilities Long-term loans and bonds 29 22,135 15,601 25,343 Long-term lease liabilities 28 535 517 510 Derivative financial instruments 30 – – 42 Other payables 27 – 150 – Deferred tax liabilities 31 11,248 10,746 9,991 Retirement benefit liabilities 34 – 187 135 33,918 27,201 36,021 NET ASSETS 292,258 293,610 290,144 EQUITY Share capital 35 10,449 10,449 10,449 Reserves 36 278,762 281,175 277,767 Equity attributable to the Company’s shareholders 289,211 291,624 288,216 Non-controlling interests 38 3,047 1,986 1,928 TOTAL EQUITY 292,258 293,610 290,144 Guy Bradley May Y. Wu Directors Hong Kong, 9th March 2023 The above consolidated statement of financial position should be read in conjunction with the accompanying notes. 136