174 NOTES TO THE FINANCIAL STATEMENTS 22. Financial Instruments by Category (continued) The accounting policies applied to financial instruments are shown below by line item: Note At fair value through profit or loss HK$M Derivatives used for hedging HK$M Amortised cost HK$M Total carrying amount HK$M Fair value HK$M Assets as per consolidated statement of financial position At 31st December 2024 Loans due from joint venture companies 20 – – 14,963 14,963 14,963 Loans due from associated companies 21 – – 580 580 580 Trade and other receivables excluding prepayments 24 – – 4,097 4,097 4,097 Cash and cash equivalents 25 – – 5,121 5,121 5,121 Derivative financial assets 30 – 67 – 67 67 Financial assets at fair value through profit or loss – Unlisted equity investments 638 – – 638 638 Total 638 67 24,761 25,466 25,466 At 31st December 2023 Loans due from joint venture companies 20 – – 14,781 14,781 14,781 Loans due from associated companies 21 – – 209 209 209 Trade and other receivables excluding prepayments 24 – – 3,399 3,399 3,399 Cash and cash equivalents 25 – – 5,097 5,097 5,097 Derivative financial assets 30 – 57 – 57 57 Financial assets at fair value through profit or loss – Unlisted equity investments 623 – – 623 623 Total 623 57 23,486 24,166 24,166 Liabilities as per consolidated statement of financial position At 31st December 2024 Trade and other payables excluding non-financial liabilities 27 653 – 11,337 11,990 11,990 Long-term loans and bonds 29 – – 48,347 48,347 48,145 Lease liabilities 28 – – 520 520 520 Derivative financial liabilities 30 – 19 – 19 19 Total 653 19 60,204 60,876 60,674 At 31st December 2023 Trade and other payables excluding non-financial liabilities 27 613 – 9,146 9,759 9,759 Long-term loans and bonds 29 – – 41,169 41,169 40,598 Lease liabilities 28 – – 607 607 607 Derivative financial liabilities 30 – 22 – 22 22 Total 613 22 50,922 51,557 50,986