SWIRE PROPERTIES ANNUAL REPORT 2023 35. Company Statement of Financial Position and Reserves (a) Company Statement of Financial Position 2023 2022 At 31st December 2023 Note HK$M HK$M ASSETS AND LIABILITIES Non-current assets Property, plant and equipment 45 33 Intangible assets 144 126 Right-of-use assets 24 34 Subsidiary companies 132,599 126,204 Loans due from joint venture companies 2,967 2,801 Associated companies 3 3 Retirement benefit assets – 23 135,782 129,224 Current assets Trade and other receivables 66 614 Taxation recoverable 12 – Cash and cash equivalents 960 470 1,038 1,084 Current liabilities Trade and other payables 29,479 22,791 Taxation payable – 8 Lease liabilities due within one year 14 12 29,493 22,811 Net current liabilities (28,455) (21,727) Total assets less current liabilities 107,327 107,497 Non-current liabilities Long-term lease liabilities 11 22 Deferred tax liabilities 21 25 Retirement benefit liabilities 33 – 65 47 NET ASSETS 107,262 107,450 EQUITY Equity attributable to the Company’s shareholders Share capital 33 10,449 10,449 Reserves 35(b) 96,813 97,001 TOTAL EQUITY 107,262 107,450 Guy Bradley May Wu Directors Hong Kong, 14th March 2024 197