Annual Report 2019

199 ANNUAL REPORT 2019 23. INTERESTS IN JOINT VENTURES (CONTINUED) The Group’s material joint ventures at the end of the reporting period include Port of Newcastle Investments (Property Holdings) Trust (the “PONI Property Trust Group”) and Port of Newcastle Investments (Holdings) Trust (the “PONI Corporate Trust Group”). All of the Group’s joint ventures are accounted for using equity method in the consolidated financial statements. Summarised financial information in respect of PONI Property Trust Group and PONI Corporate Trust Group is set out below. Other joint ventures invested by the Group are not individually material. The summarised financial information below represents the financial information prepared in accordance with the significant accounting policies of the Group. (a) Material joint ventures 2019 2018 PONI PONI PONI PONI Property Corporate Property Corporate Trust Group Trust Group Trust Group Trust Group HK$’million HK$’million HK$’million HK$’million Financial information of the consolidated statement of profit or loss and other comprehensive income Revenue 539 913 266 738 Profit/(loss) for the year, attributable to the equity holders of the joint ventures 303 (212) 303 (187) Other comprehensive expense for the year, attributable to the equity holders of the joint ventures (49) (2) (13) — Total comprehensive income/(expense) for the year, attributable to the equity holders of the joint ventures 254 (214) 290 (187) Dividends received from the joint ventures by the Group during the year 33 — 54 — Financial information of the consolidated statement of financial position Non-current assets 8,273 14,748 7,949 7,965 Current assets 180 170 75 106 Current liabilities (296) (2,274) (140) (106) Non-current liabilities (5,072) (10,591) (4,830) (6,079) Net assets of the joint ventures 3,085 2,053 3,054 1,886