Annual Report 2024

134 China Merchants China Direct Investments Limited Annual Report 2024 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024 8. SEGMENTAL INFORMATION (CONTINUED) Segment profit (loss) represents the net gain (loss) on financial assets at FVTPL, the corresponding dividend income and other gains earned by each segment without allocation of central administrative expenses (including fees to China Merchants China Investment Management Limited (the “ Investment Manager ”)), interest income on bank deposits and certain other gains (losses). This is the measure reported to the chief operating decision maker for the purposes of resources allocation and performance assessment. No separate segment revenue (i.e. investment income) is disclosed as it had been presented in the computation of segment profit (loss). The following is an analysis of the Group’s assets and liabilities by reportable and operating segments: 2024 2023 US$ US$ Segment assets Financial services 473,715,575 380,136,922 Culture, media and consumption 51,369,555 42,109,051 Information technology 239,344,269 249,027,329 Total assets for reportable segments 764,429,399 671,273,302 Others 11,223,270 12,041,301 Unallocated 31,141,512 8,745,169 Consolidated assets 806,794,181 692,059,772 Segment liabilities Financial services 70,971 30,682 Culture, media and consumption 60,916 80,620 Information technology 951,004 871,540 Total liabilities for reportable segments 1,082,891 982,842 Others 70,235 84,324 Unallocated 158,263,150 133,052,818 Consolidated liabilities 159,416,276 134,119,984 For the purposes of monitoring segment performance and allocating resources between segments: All assets are allocated to reportable segments other than assets of non-reportable segments, certain other receivables and prepayments, cash and cash equivalents, and all liabilities are allocated to reportable segments other than liabilities of non-reportable segments, certain other payables, current and deferred tax liabilities. During the year, the Group was principally involved in investing in companies with significant business involvement in the PRC, and hence no geographical information in relation to the investing activities is presented.