SWIRE PROPERTIES ANNUAL REPORT 2023 36. Non-controlling Interests The movement of non-controlling interests during the year is as follows: 2023 2022 HK$M HK$M At 1st January 3,047 1,986 Share of profit less losses for the year 114 247 Share of translation differences on foreign operations (25) (110) Share of total comprehensive income 89 137 Capital contribution from non-controlling interests 26 1,020 Dividends paid and payable (95) (96) At 31st December 3,067 3,047 37. Capital Commitments 2023 2022 HK$M HK$M (a) The Group’s outstanding capital commitments at the year end in respect of: Property, plant and equipment Contracted but not provided for 35 12 Authorised by Directors but not contracted for 245 491 Investment properties Contracted but not provided for 5,795 2,986 Authorised by Directors but not contracted for 12,012 17,028 18,087 20,517 The Group’s share of capital commitments of joint venture companies at the year end* Contracted but not provided for 850 393 Authorised by Directors but not contracted for 6,278 7,044 7,128 7,437 * of which the Group is committed to funding HK$797 million (2022: HK$331 million). At 31st December 2023, the Group was committed to inject capital of HK$275 million (2022: HK$421 million) into joint venture companies. (b) At 31st December 2023, the Group had unprovided contractual obligations for future repairs and maintenance on investment properties of HK$267 million (2022: HK$380 million). 199
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