140 Note 2024 HK$M 2023 HK$M ASSETS AND LIABILITIES Non-current assets Property, plant and equipment 15 3,404 3,644 Investment properties 16 271,617 281,463 Intangible assets 17 1,444 1,555 Right-of-use assets 18 2,786 2,655 Properties held for development 19 1,201 1,210 Joint venture companies 20 21,167 19,276 Loans due from joint venture companies 20 14,963 14,781 Associated companies 21 10,296 10,583 Loans due from associated companies 21 580 209 Derivative financial instruments 30 65 57 Deferred tax assets 31 108 88 Financial assets at fair value through profit or loss 638 623 Retirement benefit assets 32 66 – 328,335 336,144 Current assets Properties for sale 23 12,676 9,121 Stocks 75 77 Trade and other receivables 24 4,205 3,506 Derivative financial instruments 30 2 – Cash and cash equivalents 25 5,121 5,097 22,079 17,801 Assets classified as held for sale 26 5,012 543 27,091 18,344 Current liabilities Trade and other payables 27 11,993 9,763 Contract liabilities 637 5 Taxation payable 261 378 Long-term loans and bonds due within one year 29 6,760 7,563 Lease liabilities due within one year 28 86 80 19,737 17,789 Liabilities associated with assets classified as held for sale 26 43 – 19,780 17,789 Net current assets 7,311 555 Total assets less current liabilities 335,646 336,699 Non-current liabilities Long-term loans and bonds 29 41,587 33,606 Long-term lease liabilities 28 434 527 Derivative financial instruments 30 19 22 Other payables 27 403 268 Deferred tax liabilities 31 14,776 14,082 Retirement benefit liabilities 32 – 45 57,219 48,550 NET ASSETS 278,427 288,149 EQUITY Share capital 33 10,449 10,449 Reserves 34 264,877 274,633 Equity attributable to the Company’s shareholders 275,326 285,082 Non-controlling interests 36 3,101 3,067 TOTAL EQUITY 278,427 288,149 Guy Bradley May Wu Directors Hong Kong, 13th March 2025 The above consolidated statement of financial position should be read in conjunction with the accompanying notes. CONSOLIDATED STATEMENT OF FINANCIAL POSITION At 31st December 2024