151 SWIRE PROPERTIES ANNUAL REPORT 2024 8. Segment Information The Group is organised on a divisional basis: Property investment, Property trading and Hotels. The reportable segments within each of the three divisions are classified according to the nature of the business. Accounting Policy Segment information is reported in a manner consistent with the Group’s internal financial reporting provided to the Executive Directors for making strategic decisions. A reportable segment comprises either one or more operating segments which can be aggregated together because they share similar economic characteristics or single operating segments which are discloseable separately because they cannot be aggregated or because they exceed certain quantitative thresholds. (a) Information about reportable segments Analysis of Consolidated Statement of Profit or Loss External revenue HK$M Inter- segment revenue HK$M Operating profit/(losses) after depreciation and amortisation HK$M Finance charges HK$M Finance income HK$M Share of profit less losses of joint venture companies HK$M Share of profit less losses of associated companies HK$M Profit/ (Losses) before taxation HK$M Taxation HK$M Profit/ (Losses) for the year HK$M Profit/ (Losses) attributable to the Company’s shareholders HK$M Depreciation and amortisation charged to operating profit HK$M Year ended 31st December 2024 Property investment 13,452 3 8,030 (1,213) 230 1,323 (5) 8,365 (1,039) 7,326 7,234 (304) Property trading 88 – (178) – 3 (21) 14 (182) (54) (236) (233) (29) Hotels 888 5 (154) (11) – (69) 30 (204) 13 (191) (191) (182) Change in fair value of investment properties – – (5,996) – – (529) 83 (6,442) (1,058) (7,500) (7,576) – Inter-segment elimination – (8) – – – – – – – – – – 14,428 – 1,702 (1,224) 233 704 122 1,537 (2,138) (601) (766) (515) Year ended 31st December 2023 Property investment 13,525 3 8,201 (725) 203 866 7 8,552 (1,117) 7,435 7,325 (314) Property trading 166 – (89) – 15 (46) – (120) (52) (172) (169) – Hotels 979 5 (103) (13) – (29) 31 (114) 13 (101) (100) (201) Change in fair value of investment properties – – (2,829) – – (667) (454) (3,950) (461) (4,411) (4,419) – Inter-segment elimination – (8) – – – – – – – – – – 14,670 – 5,180 (738) 218 124 (416) 4,368 (1,617) 2,751 2,637 (515) Note: Sales between business segments are accounted for at competitive prices charged to unaffiliated customers for similar goods and services.