190 NOTES TO THE FINANCIAL STATEMENTS 34. Reserves Revenue reserve HK$M Merger reserve HK$M Property revaluation reserve HK$M Cash flow hedge reserve HK$M Translation reserve HK$M Total HK$M At 1st January 2024 276,689 (1,108) 2,042 (57) (2,933) 274,633 Loss for the year (766) – – – – (766) Other comprehensive income Revaluation of properties previously occupied by the Group – gains recognised during the year – – 1 – – 1 Defined benefit plans – remeasurement gains recognised during the year 132 – – – – 132 – deferred tax (22) – – – – (22) Cash flow hedges – gains recognised during the year – – – 120 – 120 – transferred to net finance charges – – – (55) – (55) – deferred tax – – – (10) – (10) Share of other comprehensive income of joint venture and associated companies – recognised during the year – – – – (856) (856) Net translation differences recognised during the year – – – – (1,347) (1,347) Total comprehensive income for the year (656) – 1 55 (2,203) (2,803) Repurchase of the Company’s shares (752) – – – – (752) 2023 second interim dividend (note 13) (4,212) – – – – (4,212) 2024 first interim dividend (note 13) (1,989) – – – – (1,989) At 31st December 2024 269,080 (1,108) 2,043 (2) (5,136) 264,877