Annual Report 2023

130 130 China Merchants China Direct Investments Limited Annual Report 2023 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2023 8. SEGMENTAL INFORMATION The Group’s reportable segments, based on information reported to the chief operating decision maker for the purposes of resources allocation and performance assessment, are as follows: (a) Financial services: investees engaged in financial services activities. (b) Culture, media and consumption: investees engaged in culture, media and consumption activities. (c) Information technology: investees engaged in information technology activities. The Group also invested in manufacturing, energy and resources and medical activities (2022: manufacturing, energy and resources and medical activities), and none of these segments met the quantitative thresholds for the reportable segments in both current and prior years. Accordingly, these were grouped in “Others” during the current year. Information regarding the above segments is reported below. The following is an analysis of the Group’s reportable and operating segments for the year under review. For the year ended 31 December 2023 Reportable segments Culture, Total Financial media and Information reportable services consumption technology segments Others Total US$ US$ US$ US$ US$ US$ Net (loss) gain on financial assets at FVTPL (66,029,160) (11,127,621) 75,208,478 (1,948,303) (7,080,211) (9,028,514) Dividend income on financial assets at FVTPL 17,449,648 836,371 508,786 18,794,805 — 18,794,805 Other gains — 1,235,061 — 1,235,061 — 1,235,061 Segment (loss) profit (48,579,512) (9,056,189) 75,717,264 18,081,563 (7,080,211) 11,001,352 Unallocated: – Administrative expenses (11,479,636) – Interest income on bank deposits 322,233 – Other losses (937,971) Loss before taxation (1,094,022)