Annual Report 2023

146 146 China Merchants China Direct Investments Limited Annual Report 2023 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2023 26. RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES The table below details changes in the Group’s liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the Group’s consolidated statement of cash flows as cash flows from financing activities. Dividend payable US$ At 1 January 2022 — Dividend declared 21,326,622 Financing cash flow (21,326,622) At 31 December 2022 — At 1 January 2023 — Dividend declared 10,663,311 Financing cash flow (10,663,311) At 31 December 2023 —