193 SWIRE PROPERTIES ANNUAL REPORT 2024 35. Company Statement of Financial Position and Reserves (continued) (b) The movement of the Company reserves during the year are as follows: Revenue reserve HK$M Company At 1st January 2024 96,813 Profit for the year (note 12) 4,207 Other comprehensive income Defined benefit plans – remeasurement gains recognised during the year 113 – deferred tax (19) Total comprehensive income for the year 4,301 Repurchase of the Company’s shares (752) 2023 second interim dividend (note 13) (4,212) 2024 first interim dividend (note 13) (1,989) At 31st December 2024 94,161 Company At 1st January 2023 97,001 Profit for the year (note 12) 5,763 Other comprehensive income Defined benefit plans – remeasurement losses recognised during the year (50) – deferred tax 8 Total comprehensive income for the year 5,721 2022 second interim dividend (3,978) 2023 first interim dividend (note 13) (1,931) At 31st December 2023 96,813 (i) Distributable reserves of the Company at 31st December 2024 amounted to HK$94,161 million (2023: HK$96,813 million). (ii) The Company’s revenue reserve includes HK$4,390 million (2023: HK$4,212 million) representing the declared second interim dividend for the year (note 13).