Interim Report 2023

36 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED Notes to the Condensed Consolidated Interim Financial Information For the six months ended 30 June 2023 4. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENT The preparation of interim financial information requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expense. Actual results may differ from these estimates. In preparing this condensed consolidated interim financial information, the significant judgements made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty were consistent with those applied to the annual consolidated financial statements for the year ended 31 December 2022. 5. REVENUE The principal activities of the Group comprise ports operation, bonded logistics operation and property investment. The following is an analysis of the Group’s revenue from its major services offered during the period. Six months ended 30 June 2023 2022 HK$’million HK$’million Terminal handling charge, representing loading of cargos and containers on and off vessels at the Group’s port terminals, stevedoring and the auxiliary services 5,406 6,172 Warehousing services income, representing temporary storage of cargos and containers, customs clearance services and the auxiliary services 301 254 Revenue from contracts with customers 5,707 6,426 Gross rental income from investment properties 98 82 5,805 6,508