Interim Report 2023

31 INTERIM REPORT 2023 Condensed Consolidated Statement of Changes in Equity For the six months ended 30 June 2023 Unaudited Attributable to equity holders of the Company Perpetual capital securities Non- controlling interests Total Share capital Other reserves Retained earnings Total HK$’million HK$’million HK$’million HK$’million HK$’million HK$’million HK$’million As at 31 December 2022 (audited) 46,668 474 49,827 96,969 6,246 19,361 122,576 Adjustments (Note) — — 53 53 — 9 62 As at 1 January 2023 (adjusted) 46,668 474 49,880 97,022 6,246 19,370 122,638 COMPREHENSIVE INCOME Profit for the period — — 3,351 3,351 114 519 3,984 Other comprehensive expense Exchange differences from retranslation of investments in subsidiaries, associates and joint ventures — (1,753) — (1,753) — (74) (1,827) Surplus on revaluation of an owner occupied property upon change of use to investment property — 53 — 53 — — 53 Share of other reserves of associates — 137 — 137 — — 137 Total other comprehensive expense for the period, net of tax — (1,563) — (1,563) — (74) (1,637) Total comprehensive (expense)/income for the period — (1,563) 3,351 1,788 114 445 2,347 TRANSACTIONS WITH OWNERS Transfer to statutory reserve — 31 (31) — — — — Contribution from immediate holding company — 1 — 1 — — 1 Share of other changes in equity attributable to equity holders of associates and joint ventures — (52) — (52) — — (52) Distribution to holders of perpetual capital securities — — — — (113) — (113) Dividends — — (2,402) (2,402) — (47) (2,449) Total transactions with owners for the period — (20) (2,433) (2,453) (113) (47) (2,613) As at 30 June 2023 46,668 (1,109) 50,798 96,357 6,247 19,768 122,372 Note: The adjustments are related to the Amendments to Hong Kong Accounting Standard (“HKAS”) 12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction . The Group previously applied the HKAS 12 requirements to assets and liabilities arising from a single transaction separately and temporary differences on initial recognition on the relevant assets and liabilities were not recognised due to application of the initial recognition exemption. In accordance with the transition provision: (i) the Group has applied the new accounting policy retrospectively to leasing transactions that occurred on or after 1 January 2023; (ii) the Group also; as at 1 January 2023, recognised a deferred tax asset and a deferred tax liability for all deductible and taxable temporary difference associated with right-of-use assets and lease liabilities.